What are the annual payments necessary to pay a $1,000,000, 12-year loan if the loan rate is 8 %? $80,333. $190,968 $80,000. $132,700.
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What are the annual payments necessary to pay a $1,000,000, 12-year loan if the loan rate is 8 %?
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- How would be the principal amount of loan if you need to borrow $300,000 for one year with a discount loan of 8%? * O 3750000 O 411764.7 O 375000 O 24000 O 326086.96How much would be the principal amount of loan if you need to borrow $300,000 for one year with a discount loan of 8%? * 326086.96 O 24000 O 375000 O 3750000 411764.78. Suppose that you want to take a five-year loan of $80,000. The interest rate is 9% per year, and the loan calls for equal annual payments. How much do you need to pay each year? A. $17,120.1 B. $19,169.4 C. $20,567.4 D. $21,333.1
- A business loan of P1,000,000 is to be repaid in full after 5 years. What is the amount to be paid if the effective rate of interest is 10% a. 1,150,165 b. 1,165,000 c. 1,165,526 d. 1,610,510What is the internal rate of return on a $3,000 loan to be repaid as $3,500 twoyears from now?Q5. Suppose you borrow $10,000. You are going to repay the loan by making equal annual payments for five years. The interest rate on the loan is 15 percent per year. Prepare an amortization schedule for the loan. How much interest will you pay over the life of the loan? Beginning Total Principal Ending Year Interest balance payment раyment раyment balance 1 $10,000 2 3 2,983.16 4 5 0.00
- How long will it take to pay off a loan of $53 comma 00053,000 at an annual rate of 66% compounded monthly if you make monthly payments of $800800 (round up)?5. If this loan had been made on a 10% add-on basis payable in 12 end-of-month installments, that would be the monthly payments? What is the annual percentage rate? The effective annual rate? ($45,833.33, 17.97%, 19.53%) E • How does the cost of costly trade credit generally compare with the cost of shortterm bank loans? L Focus F9 F10 F11 F12 8 9Suppose that you borrow$ 12000 at interest rate of 5% per year. If you must be repaid the loan in equal end of year payments over the next 4 years, how much must you repay at the end of each year? O a. $3672 Ob. $3384 Oc. $2672 O d. $2384
- How much interest will be paid on 5-year, $50,000 loan if the rate of interest is 7.5% compounded annually? Multiple Choice $10,791.18 $11,791.18 $12,791.18 $9,791.18 $8,791.18Suppose you take out a loan for 180 days in the amount of $15,500 at 13% ordinary interest. After 40 days, you make a partial payment of $1,000. What is the final amount due on the loan? (R to the nearest cent.) O $14,731.39 O $15,468.26 O $15,680.94 O $15,731.88Suppose you want to apply for a loan of $500,000 with repayment tenure of 5 years. The interest rate charged on the loan is 11% and the processing fee is 1.5% and insurance cost is $5,700. Annual payments are made. The APR of the loan will be 11.53% О 11.25% 11.00% 12.50%
