The purchase of a car requires a $15,000 loan to be repaid in monthly installments for four years at 10% interest compounded monthly. If the general inflation rate is 6% compounded monthly, find the actual and constant dollar value of the 151h payment of this loan.

What is the monthly payment to repay a 10 year loan of $200,000 at a nominal rate of 15% per year if the interest is compounded quarterly?  Assume interperiod compounding.

Find the interest paid on a 30-year loan of $350,000 at an annual interest rate of 6% compoundedmonthly. Assume that you made monthly payments for the full 30 years.

You have taken out a 60-month, $26,000 car loan with an APR of 6%, compounded monthly. The monthly payment on the loan is $502.65. Assume that right after you make your 50th payment, the balance of the loan is $4,890.99. How much of your next payment goes toward principal and how much goes toward interest? Compare this with the prinicipal and interest paid in the first month's payment. The amount that goes towards interest is $ . (Round to the nearest cent.) The amount that goes towards the principal is $. (Round to the nearest cent.) Compare this with the prinicipal and interest paid in the first month's payment. (Select the best choice below.) O A. In the first month, the amount that goes towards principal is $372.65 and toward interest is $130.00. Therefore, you can see that over time, as you pay down the principal of the loan, less of your payment has to go to cover interest and more of your payment can go towards reducing the principal. O B. In the first month, the amount that…

a demand loan of ​$3000 is repaid by payments of ​$1500 after two ​years, ​$1500 after four ​years, and a final payment after six years. interest is 7​% compounded quarterly for the first two ​years, ​8% compounded annually for the next two ​years, and ​8% compounded quarterly thereafter. what is the size of the final​ payment?

Calculate and print out the balance due, principal payment, and interest payment for each period of a new car loan. The nominal interest is 8% per year, compounded monthly. Payments are made monthly for 5 years. The original loan is for $27,000.

A $17,000 loan is to be amortized for 10 years with quarterly payments of $568.26. If the interest rate is 6%, compounded quarterly, what is the unpaid balance immediately after the sixth payment? (Round your answer to the nearest cent.)