You are considering taking out a loan of $14,000.00 that will be paid back over 8 years with monthly payments of $171.30. If the interest rate is 4.1% compounded monthly, what would the unpaid balance be immediately after the fourteenth payment? What is the equity after the fourteenth payment? The unpaid balance would be $ (Round to 2 decimal places.) The equity would be $ (Round to 2 decimal places.)

Suppose you take out a $37,000 4-year balloon loan from a bank at an interest rate of 9.8%. What will be the balloon payment at the end of the loan term? Round to the nearest dollar.

To repay a $35,000 loan you will make 30 equal annual payments (starting one year from today) of $4,998.10. What is the interest rate on the loan? If you don’t have a financial calculator, you can use the fact that it is one of the following rates. a) 8% b) 10% c) 12% d) 14% e) 16%

Suppose you have a student loan of ​$50,000 with an APR of 12​% for 40 years.   Complete parts​ (a) through​ (c) below.   a. What are your required monthly​ payments?   b. Suppose you would like to pay the loan off in 15 years instead of 30. What monthly payments will you need to​ make?   c. Compare the total amount​ you'll pay over the loan term if you pay the loan off in 15 years versus 30 years.

You want to buy a $205,000 home. You plan to pay 10% as a down payment, and take out a 30 year loan at 4.15% interest for the rest. a) How much is the loan amount going to be? b) What will your monthly payments be? c) How much of the first payment is interest?

Suppose your firm is seeking a four year, amortizing $260,000 loan with annual payments and your bank is offering you the choice between a $268,000 loan with a $8,000 compensating balance and a $260,000 loan without a compensating balance. The interest rate on the $260,000 loan is 9.8 percent. How low would the interest rate on the loan with the compensating balance have to be for you to choose it? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Interest rate %

You borrow $305,000; the annual loan payments are $46,451.56 for 30 years. What interest rate are you being charged? Round your answer to the nearest whole number.  =    %

You have just taken out a $24,000car loan with a 4%​APR, compounded monthly. The loan is for five years. When you make your first payment in one​ month, how much of the payment will go toward the principal of the loan and how much will go toward​ interest?​(Note: Be careful not to round any intermediate steps less than six decimal​ places.)   When you make your first​ payment,​$.... will go toward the principal of the loan and ​$......will go toward the interest.  ​(Round to the nearest​ cent.)

Consider a business loan maturing in three years that has three remaining annual payments in one, two, and three years. The annual payments are all equal to $2 Million. While analyzing the loan, you are using a YTM equal to 9%. Determine the duration of the loan. 1.94 O 2.00 O 1.91 O 3.00 O 1.83

Suppose you take out a loan for 180 days in the amount of $12,500 at 15% ordinary interest. After 40 days, you make a partial payment of $1,000. What is the final amount due on the loan? (Round to the nearest cent.)