You borrow $10,000 and repay the loan with 60 equal-sized monthly payments. The first payment occurs one month after receipt of the $10,000 and you pay interest at a rate of 10% per annum compounded semiannually. Solve for the payment size. What is the answer when the first payment is not made until 5 years after receipt of the $10,000?

You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the third year. B. Use the future value of $1 table In Appendix B and verify that your answer is correct.

Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate $4,200 over the next 6 years when the interest rate is 8%, how much do you need to deposit in the account? B. If you place $8,700 in a savings account, how much will you have at the end of 12 years with an interest rate of 8%? C. You invest $2,000 per year, at the end of the year, for 20 years at 10% interest. How much will you have at the end of 20 years? D. You win the lottery and can either receive $500,000 as a lump sum or $60,000 per year for 20 years. Assuming you can earn 3% interest, which do you recommend and why?

You want to borrow $100,000 for five years when the interest rate is 5%. You will make yearly payments of $23,097.48 for five years. Fill in the blanks in the amortization table below. Assume that the loan was created on January 1, 2018 and totally repaid by December 31, 2022, after five equal, annual payments. year1.       100,000           23,097.48   year2.                                 23,097.48   year3                                  23,097.48   year4                                  23,097.48   year5                                  23,097.48

a. If you borrow $2,200 and agree to repay the loan in five equal annual payments at an interest rate of 12%, what will your payment be? b. What will your payment be if you make the first payment on the loan immediately instead of at the end of the first year?

If you borrow $2800 and agree to repay the loan in 5 equal annual payments at an interest rate of 12%, what will your payment be if you make the first payment immediately instead of at the end of the first year?

You will be paying off a mortgage of $250,000 over the next 25 years. You have signed a loan agreement with Me-Bank to secure a fixed rate of 5.00%. The mortgage loan is compounded semi-annually. a) What are the monthly payments? b) How much will your payments be over the first five years? c) What is the amount of principal that you pay off with the first payment? d) How much principal remains to be paid after the first five years? e) How much will remain to be paid off after you have made your payment at the end of the 15th year? Redo a) to e) if the mortgage loan is compounded annually Please answer all the subparts a,b,c,d,e.if answered within 45mins,it would be appreciable.i will surely upvote

Today, you take out a $5000 loan at 10% simple interest, which is to be repaid with two equal payments at the end of the first year and at the end of the second year. Find the size of the payments using today as your focal date

You borrow $5000 at 10% per year and will pay off the loan in 3 equal annual payments starting one year after the loan is made. Which of the following is true for your payment at the end of year 2?

If you borrow $9,000 and agree to repay the loan in six equal annual payments al an interest rate of 10%, what will the annual payment be? What if you make the first payment on the loan at the end of second year?