The interest rate is 10% compounded annually. What percentage of the 2nd payment will be interests?

Consider a loan of 1,000,000 which is to be amortized by 60 monthly payments. The interest rate is 10% converted monthly. How much of the 47th payment goes to pay the interest? How much of the 47th payment goes to pay the principal?

te.4 If for the next 30 years you place $2,000 in equal year-end-deposits into an account earning 5% per year, how much money will be in the account at the end of that time period?

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A loan of $17,500.00 is repaid by making annual payments of $5,781.10 at the end of each year. If interest is 6.13% compounded annually. How many payments are required to amortize the loan? Round UP the answer to the next higher whole number (e.g. 5.12 must be entered as 6). Number of payments = whole number) PV=$ 2) (enter a 3) 4) Complete the amortization table below. Enter only POSITIVE VALUES IN THE AMORTIZATION TABLE (rounded to two decimal places). Total Payment number Payment amount Interest Paid Principal Repaid Balance 0) $17,500.00 1) FA tA I/Y= $ PMT=$ $ GA FA A SA FA GA P/Y=C/Y= GA FV=$ A GA GA EA $

81. Suppose you take out a $10,000 loan at a 6% nominal annual rate. The terms of the loan require you to make 12 equal end-of-month payments each year for 4 years, and then an additional final (balloon) payment of $4,000 at the end of the last month. What will your equal monthly payments be? a. $137.96 b. $145.22 C. $152.86 d. $160.91

Pls explain correctly

You lend a friend $35, 000, which your friend will repay in 12 equal annual end - of - year payments of $7, 000, with the first payment to be received 1 year from now. What rate of return does your loan receive?   The rate of return your loan will receive is %

Question 2(a) How much money must you pay into an account at the end of each of 20 years in order to have $100,000 at the end of the 20th year? Assume that the account pays 6% per year, and round to the nearest $1.  (b) Bank A pays 11.50% annual interest, compounded quarterly, on its savings accounts. Bank B wants to ensure that the effective annual rate offered by bank A, with its interest beingcompounded on monthly basis. Calculate the nominal rate bank B must set.  (c) How much money must be put into a bank account yielding 3.5% (compounded annually) in order to have $1,250 at the end of 10 years (round to nearest $1)?  (d) Which of the following investments has the highest annual percentage yield (APY)? (Assume that all CDs are of equal risk.) Bank A that pays 8 percent interest compounded quarterly.Bank B that pays 8 percent compounded monthly.Bank C that pays 8.25 percent annually Show your working to justify your decision.  (e) You borrow an amount and agree to pay it off with…

3. If you were to deposit $399.27 into an account today that pays 8% interest annually, with a payment of $100 at the end of each year, what would you be left with at the end of 5 years? in excel