What is the present value of a loan when a monthly payment of P3, 250 is needed to extinguish for 3.5 years at 17.5% interest.?

Q: The maturity value of a 3-month loan of $4000 is $4085. What is the simple interest rate?

A: We find the simple interest rate when maturity value of a 3-month loan of $4000 is $4085.

Q: How much more is a perpetuity of $2,000 worth than an annuity of the same amount for 10 years?…

A: Formula using here,  PV of perpetuity =Amountinterest rate =20004%=$50,000

Q: Find the payment necessary to amortize a 4% loan of $2000 compounded quarterly, with 10 quarterly…

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Q: how much should you put in an investmenr paying a simple loan of 5% if you needed $4000 in eighteen…

A: According to question,Given data,Rate of Interestr = 5%Simple interest = $4000Time = 18 Months

Q: 2. If you borrow $5000 and, after 9 months, pay off the loan in the amount of $5500, what per annum…

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Q: 3. In order to purchase a home, a family borrows $70,000 at 12% for 15 years. What is the monthly…

A: In this question, we need to find the monthly payment to amortize the loan.

Q: What is the amount of interest of a loan 20,000 at 6% compound interest for 3 years?

A: We will find out the required value.

Q: What is the maturity value on a 7-year loan for $6,742 if the annual simple interest rate is 3.4%?…

A: Consider the given information. Here, PV=$6,742, n = 7 and r = 3.4%=0.034.

Q: The Tomac Swim Club arranged short-term financing of $13,700.00 on July 13 with the Bank of Commerce…

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Q: The total amount paid on a 5 year loan was $16,000. If the interest rate was 7% and compounded…

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Q: A $3,000 demand loan was advanced on September 30. Fixed monthly payments of $1000 were required on…

A: Answer: $ 3016.88

Q: Find the present value of an ordinary annuity with regular quarterly payments worth P1,000 at 3%…

A: In this question, the concept of Compound Interest is applied. Compound Interest Compound interest…

Q: Ask someone borrowing from a five-six ( Bumbay ) money lender. How much will be charged if you want…

A: Simple interest:              SI = PRT100 where P = principle            R= rate of interest…

Q: If the proceed of a loan of P25,000.00 will be paid with P27,000.00 at the end of 1 year and 3…

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Q: What is the APR of a payday loan for $1825 due in 18 days that charges a $135 fee?

A: Given,           The APR of a payday loan for $1825 due in 18 days that charges a $135 fee.

Q: 6. What are the amounts of interest and maturity value of a loan for P20,000 at 6 % compound…

A: Note: according to our guidelines we can answer only 6th question 6)

Q: If an interest rate of 5% results in interest of $50, what is the principal amount of the loan?

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Q: Julius takes out a loan of $8,500, at 9.5% simple interest, for 5 months. what is the maturity value…

A: Here is the Answer and Explanation

Q: Find the payment necessary to amortize a 8% loan of $800 compounded quarterly, with 16 quarterly…

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Q: Find the payment necessary to amortize a 4% loan of $2300 compounded quarterly, with 15 quarterly…

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Q: A sailboat costs $27,434. You pay 15% down and amortize the rest with equal monthly payments over a…

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Q: What is the monthly payment on a 30 year, $627,000 mortgage, with an interest rate of 4%, compounded…

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Q: What is the monthly payment on a 25 year loan of $67,800 if the annual interest rate is 5%?

A: We have Principal loan amount, P = $67,800 Annual interest rate r = 5% = 0.05 Number of monthly…

Q: Calculate the simple interest due (in dollars) on a 60-day loan of $1,600 if the annual interest…

A: Given

Q: Determine the yearly payment if Mr. Kofilala takes a loan of 30,00 ghana cedis for 10 years with an…

A: Consider the given information. P=30,000 ghana cedis, r=0.5% per month, t=10 years. The continuous…

Q: Find the payment necessary to amortize a 4% loan of $1600 compounded quarterly, with 9 quarterly…

A: Given that , P=1600r=4%=4100=0.04n=9 find the payment size to authorize the loan.

Q: Find the amount of an ordinary annuity of 20 semi-annual payments of P1, 000 if interest rate is 12%…

A: To find The amount of an ordinary annuity.

Q: Find the monthly house payments necessary to amortize a 9.6% loan of $266,200 over 15 years. The…

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Q: What is the purchase price of a 6-month T-bill with a maturity value of $2000 that earns an annual…

A: Maturity value of T-bill=$2000 Terms=6 months=180 days Interest rate=3.60% Assume number of days in…

Q: How much is the original loan if semi-annual payments of $100,000 are used to repay it at 5%…

A: r= 5% A = amount to be paid =$100,000 P = original amount  t= 8 years

Q: Find the payment necessary to amortize a 12% loan of $1700 compounded quarterly, with 8 quarterly…

A: Solution

Q: The Tomac Swim Club arranged short-term financing of $15,600.00 on July 19 with the Bank of Commerce…

A:

Q: Suppose that a student borrows $5000 at the start of their senior year of college. With a nominal…

A: The quarterly interest payment is calculated by multiplying the amount borrowed by the quarterly…

Q: Noreen Leung has agreed to purchase her partner’s share in the business by making payments of $1,100…

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Q: 15.) Find the APR to the nearest half-percent on a $3700 loan that is repaid at 7% add-on interest…

A: answer is in next step

Q: When buying on installment, what is the formula for calculating the periodic payments?

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Q: Find the Maturity Value of a loan of 18,000 made for 2 years at 8% simple interest.

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Q: if a nine-month term deposit at a bank earns a simple interest rate of 9% per annum, how much should…

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Q: A bond issue is approved for building a regular payments of $96,000 every quarter into a sinking…

A: Given: To find the interest and amount how much will the city have to pay, The given details: i =…

Q: What amortization payment (in $) would you need to make each month at 24% interest compounded…

A: Given information PV=$17,000 Rate of interest r=24% Since, interest is compounded monthly Hence,…

Q: What is the present value of an annuity that consists of 25 annual payments of $1200 at an interest…

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Q: A homebuyer wishes to finance the purchase with a $95,000 mortgage with a 20-year term. What is the…

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Q: Calculate the simple interest due on a 52 day loan of $1500 if the interest is 9%

A: We can calculate the simple interest of the sum $1500 for 52 days in the following step

Q: What is the present value of an annuity that consists of 20 semiannual payments of $1000 at an…

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Q: Find the present value of an annuity-immediate that lasts five years and pays $3,000 at the end of…

A: To find the present value of annuity - immediate that last five years. To find this, we first…

Q: ABC Corp. recently obtained a 30-year (360-month), P250,000 mortgage with a 9 percent nominal…

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Q: Use PMT = to determine the regular payment amount, rounded to the nt nearest dollar. In terms of…

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Q: You take out a 65-day single-payment loan for $609 with an interest rate of 21%. What is the amount…

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Q: () A loan of P50,000 is made for a period of 20 months, at a Simple interest rate of 20% ,what…

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Q: A loan of P 50,000 is-to be amortized by paying quarterly in 1 year. If money is worth 10%…

A: Since you have posted multiple questions and we can answer one question. So, answered question…