To finance the development of a new product, a company borrowed $46,400 at 3.94% compounded quarterly. If the loan is to be repaid in equal quarterly payments [at the beginning] of every quarter over seven years and the first payment is due three years after the date of the loan, what is the size of the quarterly payments? Do not include the dollar sign, $, in your answers. Do not include the comma usually used to denote thousands. (a.) How much is owed after the deferral period? (b.) What is the size of the quarterly payments? (Hint: BGN must be up)

A machine can be leased for four years at $1000 per month payable at the beginning of each month. Alternatively, it can be purchased for $45,000 and sold for $5000 after four years. Should the machine be purchased or leased if the firm's cost of borrowing is: a. 6.6% compounded monthly? b. 9% compounded monthly? *

The Superior Tool Company is repaying a debt of $16,000 by payments of $1000 made at the end of every three months. Interest is 7.5% compounded monthly. (a) How many payments are needed to repay the debt? (b) What is the size of the final payment? (a) The number of payments to be made is (Round up to the nearest whole number.) (b) The amount of the last payment is $ (Round to the nearest cent as needed.)

An open loan of $17,000 was taken out today where payments (deposits) and withdrawals can be made freely with a loan rate of 2.8% compounded semi-annually. To reduce the balance of the loan, $1030 was paid 12 months from today, and $5730 was paid 16 months from today. What is the final outstanding balance of the loan 24 months from today (8 months after the last payment)? State your final answer in dollars ($) with two decimals.

Lush Gardens Co. bought a new truck for $52,000. It paid $4,680 of this amount as a down payment and financed the balance at 3.98% compounded semi-annually. If the company makes payments of $2,000 at the end of every month, how long will it take to settle the loan? years   months Express the answer in years and months, rounded to the next payment period

Find the amount of money owed at the end of 3 years if $7,500 is borrowed at 5.5% per year compounded quarterly and no payments are made on the loan. (Simplify your answer completely. Round your answer to the nearest cent.)

A firm is borrowing $1 million to expand its operations. The annual interest on the loan is 13% and the loan will be repaid in quarterly installments over the next for ten years. What will the quarterly payments be? Select one: A. $43,262 B. $44,246 C. $45,028 D. $58,492

to finance the development of new product a company borrowed 26000 at 7% compounded monthly. if loan is to be repaid in equal quaterly payments over eight years and the first payment is due three months after the date of the loan what is the size of the quarterly payment

A debt of $33,000 is repaid over 13 years with payments occurring monthly. Interest is 10% compounded semi-annually. (a) What is the size of the periodic payment? (b) What is the outstanding principal after payment 81? (c) What is the interest paid on payment 82? (d) How much principal is repaid in payment 82? (a) The size of the periodic payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The outstanding principal is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (c) The interest paid is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (d) The principal repaid is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Red Lions Corporation takes out a $8.6 million short-term amortizing loan for nine months at 11.4% per annum. It makes monthly payments to pay off the loan. However, after completing 5 months of repayments, it decides to payoff early the remaining part of the loan amount. Q1. How much are the monthly repayment (in millions of dollars)? millions. (Give answer to 4 decimal places) $ Q2. How much does it repay to payoff the remaining part of the loan (in millions of dollars)? $ millions. (Give answer to 4 decimal places)