Zach Taylor is settling a $20,000 loan due today by making 6 equal annual payments of $4,727.53. What payments must Zach Taylor make to settle the loan at the same interest rate but with the 6 payments beginning on the day the loan is signed?

To help buy his new townhome, Bill is taking out a s163,000 mortgage loan for 30 years at 3.4% annual interest. His monthly payment for this loan is $722.87. Fill in all the blanks in the amortization schedule for the loan. Assume 1 that each month is of a year. Round your answers to the nearest cent. 12 Interest Payment number Principal New loan payment payment balance 1 $162,477.18 130 $346.85 $376.02 $122,041.32 131

Marcus is expected to settle a loan by paying $6,000. What amount should he pay if he decides to settle the loan six months earlier? The interest rate is 2.25% compounded monthly. Round to the nearest cent

Arthur just took out a loan from the bank for $16,900.00. He plans to repay this loan by making a special payment to the bank of $5,500.00 in 5 quarters and by also making equal, regular quarterly payments of X. If the interest rate on the loan is 3.79 percent per quarter, he makes his first regular quarterly payment later today, and he makes his last regular quarterly payment in 6 quarters, then what is X, the amount of the regular quarterly payment? O $2,038.96 (plus or minus $1) O $2,251.37 (plus or minus $1) O $1,964.50 (plus or minus $1) O $2,336.70 (plus or minus $1) O none of the answers are within $1 of the correct answer