The present value of a 7 year lease that requires payments of $650 at the beginning of every quarter is $15,300. What is the nominal interest rate compounded quarterly charged on the lease? 0.00 % Round to two decimal places

A floating rate mortgage loan is made for $170,000 for a 30-year period at an initial rate of 12 percent interest. However, the borrower and lender have negotiated a monthly payment of $1,360. Required: a. What will be the loan balance at the end of year 1? b. If the interest rate increases to 13 percent at the end of year 2, how much is the payment plus negative amortization in year 2 and year 5 if the payment remains at $1,360? Complete this question by entering your answers in the tabs below. Required A Required B What will be the loan balance at the end of year 1? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Loan balance

A 25-year mortgage requires payments of $3,712.70 at the end of each three months. If interest is 2% compounded monthly, a) what was the mortgage principal? $ b) what would be the amount of interest charged? $

A lease valued at $18,000 requires payments of $1,813 at the beginning of every month. If money is worth 6% compounded monthly, what is the size of the final lease payment? The size of the final payment is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)