You have taken out a 30-year loan of $55,000 with 6% interest (APR) compounded monthly and with monthly payments. Calculate the amount of your second principal payment. Round your final answer to one decimal place.

Taking out a 21 year loan at $59,000 with 6% APR compounded monthly, and with monthly payments, calculate the amount of your second principal payment. Round your final answer to one decimal place.

You have taken out a 20-year loan of $72,000 with 3% interest (APR) compounded monthly and with monthly payments. Calculate the amount of your second principal payment. Round your final answer to one decimal place.

You just obtained a loan of $12,157 with monthly payments for four years at 5.77 percent interest, compounded monthly. What is the amount of each payment? Instruction: Enter your response rounded to two decimal places. 1 h

If I plan to avail of a loan today and I will pay it P7,338 every start of the month for 6 years charged by an interest rate of 11.6% compounded quarterly. How much money will I take home today if I will avail of the loan, in pesos, answer in two decimal places?

Find the effective interest rate for a loan for four years compounded semiannually at an annual rate of 5%. Click here to view page 1 of the future value table. Click here to view page 2 of the future value table. The effective interest rate is %. (Round to two decimal places as needed.)

Ross Land has a loan of $8,500 compounded quarterly for four years at 4%. What is the effective interest rate for the loan? Click here to view page 1 of the future value table. Click here to view page 2 of the future value table. The effective interest rate is %. (Round to two decimal places as needed.)

A loan of $1500 is to be repaid by annual payments of $250 to commence at the end of the fifth year and to continue thereafter for as long as necessary. Find the amount of the final payment, if the final payment is to be larger than the regular payments. Assume i = 5%. Round your answer to two decimal places.

How long will it take to pay off a loan of ​$47,000 at an annual rate of 8 percent compounded monthly if you make monthly payments of ​$650​? Use five decimal places for the monthly percentage rate in your calculations.   The number of years it takes to pay off the loan is enter your response here years.  ​(Round to one decimal​ place.)

Find the monthly payment needed to amortize a typical $245,000 mortgage loan amortized over 30 years at an annual interest rate of 3.5% compounded monthly. (Round your answers to the nearest cent.)$ Find the total interest paid on the loan.$