The monthly payments on a 20-year loan of $25,000 at 6.8% interest are $190.83. (a) What is the total amount paid over the 20 years? (b) What is the total amount of interest paid?

Q: You borrow $275,000; the annual loan payments are $36,687.93 for 30 years. What interest rate are…

A: The present value is the value of an asset or liability as of a specific date, adjusted for the time…

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: You just took a $90,000, 10 years loan. The annual percentage rate (APR) is 8%. You are obligated to…

A: Calculation of quarterly payments of the loan. Formula A = P (r (1+r)^n) / ( (1+r)^n -1 ) A =…

Q: Suppose you take out a loan for 180 days in the amount of $11,500 at 14% ordinary interest. After 60…

A: A loan is an amount borrowed by a party in exchange for its repayment along with some interest.

Q: You borrow a five-year $13,000 loan with monthly payments of S250. What is the annual percentage…

A: PV = 13000, PMT = -250, N = 5*12, FV = 0 use rate function in Excel monthly rate = 0.48%

Q: A loan made at an annual rate of 2% has 12 remaining payments of 1900. What is the loan balance?

A: Present value refers to the current value of the future expected cash flows when discounted against…

Q: Calculate the nominal interest rate of Whitney's loan of $ 9,500.00 if it accumulated to $ 10535.53…

A: Nominal rate:A nominal rate is essentially a plain, unadjusted interest rate presented as a…

Q: Compute the specified quantity. Your total payment on a 3 year loan, which charged 10% annual simple…

A: Time value of money is one of the important concept being used in accounting and finance. As per…

Q: If $500 is borrowed and the interest after 18 months is $45, what is the annual interest rate for a…

A: Given:

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: The maturity value of a 4-month loan of $4,250 is $4,367.50. What is the annual simple interest rate…

A: The maturity value is $4367.50. The principal amount is . The time is  months. The objective is to…

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: Original Terms of Loan:  30 year loan of $127,800 at an interest rate of 6 ½ %. What is the monthly…

A: The equivalent annual cost is the periodic payment made towards the acquisition of an asset or…

Q: What would be the total interest paid

A: Interest is charged on the amount lent by the lender to the borrower. In short, any excess payment…

Q: Given the following information, calculate the remaining loan balance after 12 years: loan amount:…

A: Loan amount = $84,000Interest rate = 4.5%Number of years = 20 yearsNumber of years passed = 12 years

Q: 3. A 10,000 loan is taken out and the interest rate is 8 percent effective. Payments are made on the…

A: GIVEN, Loan is taken  - $10000            Interest rate  - 8% Paayment is to be completed in 10…

Q: What is the monthly payment amount on a $100,000 home loan if the rate is 6.0% APR, and the loan is…

A: Present Value of loan (PV) = $100,000Annual Rate = 6%Monthly rate (r) = 6% / 12 = 0.5% or…

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: 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: What is the yield to maturity (YTM) on a simple loan for $1,000 that requires a repayment of $3,000…

A: yield to maturity (YTM)The yield to maturity is a financial metric used to measure the annual rate…

Q: A sum of 12,500 amounts to 15,500 in 4 years at the rate of simple interest. What is the rate of…

A: Simple interest is defined as an interest type, which is an easy method for the calculation of an…

Q: What is the total interest paid on a loan of $5,000 at APR = 6% for 5 years.

A: Compound Interest = P(1+r/n)^nt - PWhere P = Principal = $5,000R = Rate on interest = 6%N = number…

Q: The simple interest on a $2000 loan at 6%/year amounted to $480. How many years did it take for the…

A: Simple interest is charged on the principle amount and it is not compounded after a period. Simple…

Q: Find the monthly payment needed to amortize a typical $220,000 mortgage loan amortized over 30 years…

A: COMPOUNDED MONTHLY RATE (5.3%/12) 0.441667% YEARS  (12*30) 360 PRESENT VALUE $220,000…

Q: what is the total amount of the monthly payments for a 5-year loan is $10,692. The APR is 7%. How…

A: Using the present value of annuity formula we can calculate the original amount borrowed…

Q: A business received a for year $2,000,000 loan at an interest rate of 7% per year. The principal is…

A: NPV means PV of amount which is receive or pay in future. NPV can be find by using discounting rate…

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: A loan of $5000 earns $750 interest in 1.5 years. Find the rate of interest.

A: Interest amount = Principal * Rate * Time duration

Q: Annual loan payment = $47,100 Number of remaining periods = 6 Interest rate = 12% What is the book…

A: Payment = p = $47,100Number of Payment = n = 6Interest Rate = r = 12%

Q: What is the effective interest rate (APY) for a loan of $8,500 at 12% APR compounded monthly? use…

A: We can use following formula to find the annual effective rate form given APR   I = (1 + ( r/n ))n…

Q: You borrow $280,000; the annual loan payments are $24,871.68 for 30 years. What interest rate are…

A: Interest rate is the rate of return earned by the lender on the money lend.It can be calculated by…

Q: For an auto loan of $25,600 @ 3.5 APR due in five (5) years, a) what is the total interest paid, and…

A: Loan = 25,600 APR = 3.5% N = 60 months (5 years) Interest Rate = APR/12 = 3.5%/12 per month

Q: In order to solve this question, would I use the compounded monthly formula and then subtract the…

A: We will do it in following steps:First we will find out what should be the monthly mortgage payment…

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: The monthly payments on a 20-year loan of $15,000 at 5.2% interest are $100.66.   (a) What is the…

A: Present value of annuity is the current value of the future payments that are calculated using the…

Q: What would be the sum of all the payments made (i.e., total $s paid over the 30 years, ignoring time…

A: To calculate the total amount paid over 30 years for a mortgage with a loan amount of $175,000, an…

Q: If the interest rate is at 8%, what is the maximum amount that can be loaned given a repaid of :…

A: Maximum amount that can be loaned is the total sum of present value of all repayment.

Q: You borrow $720,000 at 4.00% per year compounded monthly and you plan to pay off this loan in equal…

A: The amount borrowed is referred to as a mortgage, and the amount borrowed is repaid with interest…

Q: You have applied for a loan at 3.5% annual interest rate with monthly payments for 15 year fully…

A: Amortization refers to the systematic and regular repayment of the loan amount. This repayment is…

Q: Find the present value (principal) to pay on a loan if $ 8,923 of future value (amount) is paid at…

A: Future value = Present value * (1 + rate*time)

Amortized Loans

The term "amortization" refers to spreading the value of a loan or a debt over a series of regular payments or installments comprising of both the principal and interest amount. It generally involves the process where in the value of a loan or an intangible asset is written down over its maturity period.