You are taking a $2000 loan. You will pay it back in four equal amounts, paid every six months starting 3 years from now. The interest rate is 14% compounded semiannually. Calculate the amount of each semiannual payment.

If you borrow $5000 for five years and seven months at 9% compounded quarterly. How much is owed on the due date?

Find the interest paid on a 30-year loan of $350,000 at an annual interest rate of 6% compoundedmonthly. Assume that you made monthly payments for the full 30 years.

1) A 20-year loan of $1,100 at an effective annual interest rate of 7% is repaid with payments at the end of each year. Each of the first ten payments equals 150% of the amount of interest due. Immediately after the tenth payment, you take out a 10 year loan with payments $100 at the end of each year and effective annual interest rate of i and use this loan to pay off your original loan. Find i.

Determine the monthly payment if you take out a loan for $ 200000 with an annual interest rate of 7% and the term of the loan is 20 years. Monthly Payment =

Calculate the interest payments each year for a three-year loan of $30000 with 6% annual interest rate under the following conditions: the loan requires equal annual payments; the loan requires equal annual principal reduction..

You have taken out a 60-month, $26,000 car loan with an APR of 6%, compounded monthly. The monthly payment on the loan is $502.65. Assume that right after you make your 50th payment, the balance of the loan is $4,890.99. How much of your next payment goes toward principal and how much goes toward interest? Compare this with the prinicipal and interest paid in the first month's payment. The amount that goes towards interest is $ . (Round to the nearest cent.) The amount that goes towards the principal is $. (Round to the nearest cent.) Compare this with the prinicipal and interest paid in the first month's payment. (Select the best choice below.) O A. In the first month, the amount that goes towards principal is $372.65 and toward interest is $130.00. Therefore, you can see that over time, as you pay down the principal of the loan, less of your payment has to go to cover interest and more of your payment can go towards reducing the principal. O B. In the first month, the amount that…

You have applied for a loan at 3.5% annual interest rate with monthly payments for 15 year fully amortized term. The loan amount is $145, 000. What is your monthly loan payment?

Your bank pays 12% interest, compounded quarterly. How much should you deposit now to yield an annuity payment of $1,850 at the BEGINNING of each three months, for 3 years.

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.)