You have borrowed $28,000 at an interest rate of 12% compounded annually. Equal payments will be made over a four-year period, with each payment made at the end of the corresponding year? What is the interest payment for the second year?(a) $1,800(b)$2,251(c) $1,089(d)$2,657

You borrow $145,000 and must make annual loan payments of $11,635.18 for 20 years, starting at the end of the year.  What interest rate are you being charged?   a. 5%   b. 7%   c. 8%   d. 9%   e. 6%

A company borrows $174,900 from a bank. The interest rate on the loan is 6 percent compounded semiannualy. The company agrees to repay the loan in equal semiannualy installments over the next five years. The first payment is to be made six months from now. (Use factor table in Appendix B for calculation) Required 1: What is the amount of each semiannual payment?  $  Required 2: In the first payment, what is the amount of interest cancelled?  $  Required 3: In the fifth payment, what is the amount of loan paid net of interest?  $  Required 4: In the last payment, what is the amount of interest cancelled?  $  Required 5: Assume the debt contract has the option to make one extraordinary payment of up to 20% of the principal. If the company decides to exercise the right and make the extra payment together with the 8th payment, how much it must pay in dollars at the 9th payment to pay off the loan?  $

A loan of ​$4282 borrowed today is to be repaid in three equal installments due in one year​, three years, and five-and-a-half years, respectively. What is the size of the equal installments if money is worth 6.8% compounded semi-annually?