Suppose you borrow $70,000 at 5.25% annual interest to be repaid with a fully amortized plan over 14 years (equal end-of-year payments). What is the annual payment?  What is the total amount of principal and interest paid?

Q: Suppose you borrow $8500 for a term of five years at a simple interest and 8.25% APR. how much is…

A: Interest is the cost of borrowing the money.

Q: Compute the compound amount and the interest on a loan of $10,600 compounded annually for six years…

A: Given: Loan = $10,600 Interest rate = 8% Years = 6

Q: What is the payment for a loan of $320000 with an interest rate of 8.13% compounded monthly for 6…

A: using financial calculator to solve the monthly payment

Q: What is the present value of an annuity that pays $58 per year for 13 years and an additional $1,000…

A: We can make use of the financial calculator to obtain the present value, PV. Inputs: I/Y = rate =…

Q: What is the present value of a $175 annual payment over 10 years if interest rates are 4 percent…

A: To compute the present value of an annual payment over 10 years at an interest rate of 4 percent, we…

Q: Suppose you secure a $250,000 mortgage loan to be paid off over 30 years at an annual interest rate…

A: Calculator steps: I/y = rate = 7.1%/12 = 0.5916667% NPER = Number of periods = 30*12 = 360 PV =…

Q: You borrow B20,000 for a term of 20 years to be repaid by level annual instalments. The rate of…

A: The regular fixed periodic payments made are considered annuity payments. The current worth of all…

Q: A person borrows 10,000 at an interest rate of 8% per year and wishes to repay the loan over a…

A: As per the given information: The amount borrowed - 10,000 Interest rate - 8% per year Loan period -…

Q: As debt payment, P315,000 is due in 4 years and 7 months. If the debtor wishes to repay the debt…

A: Future value refers to the amount to be paid or received on a future date. The future value takes…

Q: a) How much is the principal repayment in the first year for a USD 100'000 annuity loan with an…

A: Data given: Loan amount= USD 100,000 Interest rate= 2.5% (assumed compounded annually) n=4 years

Q: You borrow $110,000; the annual loan payments are $16,753.02 for 30 years. What interest rate are…

A: Borrowed amount = $110,000Annual loan payment = $16,753.02Number of years = 30 years

Q: What is the future value of $2,500 deposited for one year earning a 14 percent interest rate…

A: In the given question we require to compute the future value of investment from following details:…

Q: Given a loan of $48,000 for three years with a rate of 10%, what are the total finance charges?…

A: Interest Charge - Interest is the fixed some of money to be paid on borrowing amount. Borrowing…

Q: ou borrow $210,000; the annual loan payments are $18,653.76 for 30 years. What interest rate are you…

A: Yield to maturity can be calculated by following function in excel =RATE (nper, pmt, pv, [fv],…

Q: What’s the interest rate of a 5-year, annual $4,800 annuity with present value of $20,000?

A: Given; Present value of annual payments : $20,000 Time period (r): 5 years Annuity: $4,800

Q: How long will you take to pay a debt of $750,000 using annual interest rate of 10% and annual…

A: According to the time value of money concept, the value of money on the future date will be less…

Q: a) Payment of $5,000 per year for 6 years will repay an original loan of $25,000? b) Thirty-six…

A: Future Value = Present value ( 1 + i )n

Q: A loan of $10200 is to be amortized with quarterly payments over five years.  The interest on the…

A: Principal Amount = p = $10,200Compound = Quarterly = 4Time = t = 5 * 4 = 20Interest rate = r = 7.5 /…

Q: What is the present value of a 15 year annuity with the first payment of $65,000 (all payments are…

A: present value of a 15 year annuity with the first payment of $65,000 (all payments are the same…

Q: What are the annual payments for years 1 to 30? What is remaining balance at the end of each year?…

A: Information Provided: Loan amount = $120,000 Year of loan = 30 years Interest rate = 10%

Q: What is the future value of $700 deposited for one year earning 4 percent interest rate annually?

A: In the given question we need to compute the future value of $700 deposited today for one year at 4%…

Q: A worker is considering a loan of $97000 over 20 years at an interest rate of 7.9% p.a. with monthly…

A: The difficulty of distributing limited resources among numerous initiatives or investments is one…

Q: (3) A man has a loan of 500,000 for 10 years at 6.5% annually with annual payments. His payments are…

A: When a person takes a loan then in that case periodic payments usually have to be made.   The…

Q: Question 2. payments. If the interested rate is 10% compounded monthly, find the monthly payment re-…

A: Monthly payment is refer as the regualr amount of fund or payments at monthly time interval. It is…

Q: What would the monthly payment be on a 20-year amortized loan of $273,600 with an interest rate of…

A: The objective of this question is to calculate the monthly payment for a 20-year amortized loan of…

Q: How much must be invested at the beginning of each year at 11%, compounded annually, to pay off a…

A: The problem relates to ANNUITY DUE. Annuity due is an annuity whose payment is due immediately at…

Q: How large must each annual payment be if the loan is for $50, 000? Assume that the interest rate…

A: Loan amount = $50,000Interest rate = 10%Period = 5 Years

Q: What is the internal rate of return on a $3,000 loan to be repaid as $3,500 twoyears from now?

A: An internal rate of return is the metric used in financial analysis for estimating potential…

Q: You borrow a GPM of $120,000 with annual payments and 30-year term. The interest rate is 10%. The…

A: To solve this problem, we can use the formula the present value of a growing annuity. The formula…

Q: how much do you need to repay for your yearly instalment if you had borrowed $20,000 at 10% for 5…

A: Year installment will be calculated by amount of borrowings divided by Present value of an ordinary…

Q: If you put $200,000 into your investment account now for 10 year at 5% annual interest, what is the…

A: Simple interest and compound interest are two different methods used to calculate the interest on a…

Q: Find the monthly payment and the given simple interest amortized loan. $5000, 9.5%, 4 years

A: Loan Amortized Schedule is as follows-

Q: What is the monthly payment for a $525,000 loan at 7.0% interest for 25 years with monthly payments?

A: A loan is a financial arrangement in which one or more people, companies, or other entities lend…

Q: Consider a loan of 1,000,000 which is to be amortized by 60 monthly payments. The interest rate is…

A: Here,

Q: If you invest $154 at an interest rate of 6% (annual rate) compounded annually, how much interest…

A: Interest earned is the interest which is applied on the principal. It is the interest for using…

Q: You are borrowing $10,000 over a two-year period. The annual percentage rate is 4.5%. 1) What is the…

A: Loan installment is that amount which is paid by the borrower to his lendor for a fixed period of…

Q: Consider an amortized loan of $41,000 at an interest rate of 7.9% for 8 years. What is the total…

A: An amortized loan is a loan that requires regular, equal payments throughout its duration. Each…

Q: What is the monthly payment to repay a 10 year loan of $200,000 at a nominal rate of 15% per year if…

A: For this solution we need to consider the quarterly interest rate and quarter period and calculate…

Q: How much must be deposited today into an account earning 3% interest annually to support an annual…

A: Information Provided: Interest rate = 3% Annual withdrawal = $1800