what would be the required interest payment for a 30-day mont
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A: Interest is the cost of borrowing the money.
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A: Borrowings are the liability that is used to finance the requirement of the funds. The borrower…
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Q: 1. Compute the difference in the future amount of P500 compounded annually at nominal rate of 5% and…
A: Hi, Thanks for the question. Since you asked multiple questions, we will answer the first question…
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A: Interest rate = 6% Payment every two years = AED 15,000 Future value period = 20 Years
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A: 1) Borrowed amount (B) = $250000 r = 9% n = 4 years Let the annual loan payments = A
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Q: How much will Kingston Technologies have to pay each year in 9 equal payments, starting 2 years from…
A: Here, Loan Amount is $900,000 Interest Rate is 13% Loan Start Date is two year from now Loan Period…
Q: How much will Kingston Technologies have to pay each year in 8 equal payments, starting 2 years from…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
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Q: A firm is scheduled to receive payment of $32,000 in 2 years. What is the present value of this…
A: Present value of future cash flow can be calculated as follows: = Future Value/ (1 + rate)^number of…
Q: If a firm borrowed $500,000 at a rate of 10% simple interest withmonthly interest payments and a…
A: Given data; Principal amount = $500,000 interest rate = 10% First we will calculate interest…
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A: Compound interest= P(1+r%/n)^tn Interest rate = 9% Borrow amount= 100
Q: If a one million peso loan is to be paid annually in 10 years at an interest rate of 8.0% pa…
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Q: Star. An advertisement of an investment firm states that if you invest P500 in their firm today you…
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A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want…
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If a firm borrowed P500,000 at a rate of 10% simple interest with monthly interest payments and a 365-day year, what would be the required interest payment for a 30-day mont
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- Suppose you wish to borrow $60,000 at an annually compounded interest rate of 16% for a period of 14 years. What would be the annual repayment?If a firm borrowed $500,000 at a rate of 10% simple interest with monthly interestpayments and a 365-day year, what would be the required interest payment for a30-day month? If interest must be paid monthly, what would be the effective annualrate?A firm borrows $2,000,000 at 12% annual interest and wishes to pay it back with payments that increase by $50,000 per year over the 10-year life of the loan. How much would their first payment be?
- Suppose a business takes out a GHC5000, 5-year loan at 9%. If the loan agreement calls for the borrower to pay the interest on the loan balance each year and to reduce the loan balance each year by GHC 1000, what would the loan repayment schedule look like?What annual interest rate paid for if: a) Payment of $5,000 per year for 6 years will repay an original loan of $25,000? b) Thirty-six monthly deposits of $100 will result in $4,500 at the end of three years? What is the effective interest rate for this case?You borrow 50000 for a term o 14 years at a fixed interest rate of 8% per annum. The loan is to be repaid by level monthly repayments in arrears of capital and interest. what is the capital repaid in the first monthly instalment
- "If a loan of 1 million is made for 7 days at a rate of 5% per annum, how much interest would be received? (Assume 365/365 days in the year)Suppose you secure a $250,000 mortgage loan to be paid off over 30 years at an annual interest rate of 7.1% compounded monthly. What is the monthly payment needed to amortize this loan, rounded to the nearest dollar?Suppose you borrow $8500 for a term of five years at a simple interest and 8.25% APR. how much is the total (principal plus interest) you must pay back on the 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.What is the effective interest rate charged to a loan of P5,000 paid after 5 years amounting to P7,250? What is the nominal rate if it is compounded semi-annually? upload your solution with signature sifan ?Suppose you borrow $70,000 at 5.25% annual interest to be repaid with a fully amortized plan over 14 years (equal end-of-year payments). What is the annual payment? What is the total amount of principal and interest paid?
