Your company is planning to borrow $1,000,000 on a 5-year, 15%, annual payment, fully amortized term loan. What fraction of the payment made at the end of the second year will represent repayment of principal?

A $150,000 loan is to be amortized over 6 years, with annual end-of-year payments. Which of these statements is CORRECT? The proportion of interest versus principal repayment would be the same for each of the 7 payments.   The annual payments would be larger if the interest rate were lower.   If the loan were amortized over 10 years rather than 6 years, and if the interest rate were the same in either case, the first payment would include more dollars of interest under the 6-year amortization plan.   The proportion of each payment that represents interest as opposed to repayment of principal would be higher if the interest rate were lower.   The proportion of each payment that represents interest versus repayment of principal would be higher if the interest rate were higher.

Find the present value (principal) to pay on a loan if $ 8,923 of future value (amount) is paid at 10% for 150 days. Present Value: P= $

2) A loan of $50,000 is taken out today at 13 % compounded quarterly and will be repaid over 6 years with end of month payments. How large will those payments be to fully repay the loan?