The firm has contacted a bank to negotiate a loan to purchase the legal tech' software. A loan of £10,000 will be needed and the bank has offered three options, each to begin on 1st February 2023: (1) (ii) £10,000 loan at 6% simple interest. The entire loan is to be repaid in one lump sum after five years, with interest paid at the end of each year of the loan. £10,000 loan at 4% compound interest with amortised monthly repayments for five years (iii) £10,000 loan at 4.5% compound interest, with both interest and principal to be paid in one lump sum at the end of five years. Calculate the total of interest to be paid under each of the three options. Show your workings in full.

A university offers its students three financing options for a degree course that lasts exactly three years.Option AFees are paid during the term of the course monthly in advance. The fees are £10,000 per annum in the first year and rise by 5% on the first and second anniversaries of the start of the course.Option BThe university makes a loan to the students which is repaid in instalments after the end of the course. The instalments are determined as follows:−No payments are made until three years after the end of the course.−Over the following 15 years, students pay the university £1,300 per year, quarterly in advance.−After 15 years of payments, the quarterly instalments are increased to £1,500 per year, quarterly in advance.−After a further 15 years of payments, the quarterly instalments are increased to £1,800 per year, quarterly in advance, for a further 15-year period after which there are no more payments.Option C−Students pay to the university 3% of all their future earnings…

A loan of £14,000 is repaid by annual payments of £1,400 each at the end of the year. How long does it take to repay the loan on the basis of an interest rate of 1% p.a.? 数字 years Enter an answer correct to 2 decimal places Suppose the payment at t = 10 is increased to repay the loan (a balloon payment). What is the value of the payment at t = 10? £ 数字 Enter an answer correct to 2 decimal places Alternatively, the loan may be repaid via a payment at t = 11 (a drop payment). What is the value of the payment at t = 11? £ 数字 Enter an answer correct to 2 decimal places

could you please provide the working out

A loan of £13,000 is repaid by annual payments of £1,800 each at the end of the year. How long does it take to repay the loan on the basis of an interest rate of 10% p.a.? 数字 years Enter an answer correct to 2 decimal places Suppose the payment at t = 13 is increased to repay the loan (a balloon payment). What is the value of the payment at t = 13? £ 数字 Enter an answer correct to 2 decimal places Alternatively, the loan may be repaid via a payment at t = 14 (a drop payment). What is the value of the payment at t = 14? £ 数字 Enter an answer correct to 2 decimal places

PLEASE, WRITE THE SOLUTIONS ON PAPER, EXPLAINING THE ENTIRE PROCESS, THE ONLY AND CORRECT SOLUTIONS ARE FOR (i) I = £20.55 AND (ii) d = 5.81% pa AND (iii) d^12 = 5.97% pa

1) A 20-year loan of $1,100 at an effective annual interest rate of 7% is repaid with payments at the end of each year. Each of the first ten payments equals 150% of the amount of interest due. Immediately after the tenth payment, you take out a 10 year loan with payments $100 at the end of each year and effective annual interest rate of i and use this loan to pay off your original loan. Find i.

An individual borrows £15,000 to be repaid in 10 years with monthly payments at the end of each month. The initial interest rate applied to the loan is 3% p.a. effective. a)Find the monthly repayment P1

I hope you could write the formula and process more clearly. Thank you

A loan of £13,000 is repaid by annual payments of £1,600 each at the end of the year. How long does it take to repay the loan on the basis of an interest rate of 7% p.a.? Number years Enter an answer correct to 2 decimal places Suppose the payment at t = 12 is increased to repay the loan (a balloon payment). What is the value of the payment at t = 12? £ Number Enter an answer correct to 2 decimal places Alternatively, the loan may be repaid via a payment at t = 13 (a drop payment). What is the value of the payment at t = 13? £ Number Enter an answer correct to 2 decimal places