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- Marathon Peanuts converts a $130,000 account payable into a short-term note payable, with an annual interest rate of 6%, and payable in four months. How much interest will Marathon Peanuts owe at the end of four months? A. $2,600 B. $7,800 C. $137,800 D. $132,600H5. A loan of X is repaid with level annual payments at the end of each year for 10 years. You are given: The interest paid in the first year is 3,600 The principal repaid in the sixth year is 4,871. Calculate X. Show proper step by step calculation2. If a borrower repays RM 11430 at the end of two years, which includes RM 2430 interest at a rate of 13.5%, what was the principal of the loan. No use excel. Use S=P( 1+ rt ) formula.
- A P350,000 debt is released at 6% compounded bi-monthly and is to be paid bi-monthly for 5 years. The first 10 payments were priced at P25,000 per bi-month while the remaining payments were made equal at X to liquidate the debt. Find X.Q11 A debt of $15,000 with interest at 12% compounded monthly is repaid over 10 years by equal payments made at the end of every three months. a)the size of the periodic payments b)For the first payment period, how much interest is paid, how much of the principal is repaid, and what is the loan balance? how much interest is paid how much of the principal is repaid what is the loan balance c) For the second payment period, how much interest is paid, how much of the principal is repaid, and what is the loan balance? how much interest is paid how much of the principal is repaid what is the loan balanceA debt of $39 comma 000 is repaid over 14 years with payments occurring monthly. Interest is 10% compounded semi dash annually. (a) What is the size of the periodic payment? (b) What is the outstanding principal after payment 139? (c) What is the interest paid on payment 140? (d) How much principal is repaid in payment 140? Do not use chat gpt. Thank you!
- 19 - What is the total interest / dividend amount to be repaid at the end of 6 years for the loan of 160 000 lira withdrawn from the bank for housing needs with an annual 15% simple interest?A) 305 000B) 305 500C) 303 000D) 304 000E) 306 000A debt of $10,000 is to be repaid by equal Monthly payments at the end of every month for 1 year. Interest is 6% compounded Semi-Annually. What is the size of the payment? Question options: $810.94 $851.72 $860.33 $856.10 Solve on white paper or typed. Not in excel3. A loan of $20,000 has a stated interest rate of 5 percent per year. Repayment of principal and all accumulated interest is to be made at the end of year 10. a) How much is paid at the end of the tenth year? b) How much simple interest is paid (excluding the interest accumulated on interest)? c) How much compound interest is paid (i.e., interest on interest)? please show formulas. Thanks
- 2.A certain loan was to be amortized based on the schedule below at 15% interest. What is the equivalent annual uniform payment of the loan? End of Year Payment 1 P 7,000 2 P 6,500 3 P 6.000 4 P 5,500 5 P 5.000 6 P 4,500 7 P 4,000 a. P 5365.80 b. P 5333.00 c. P 6475.12 d. P 5775.08 PLEASE SHOW YOUR SOLUTIONS. THANK YOU!A business loan of P1,000,000 is to be repaid in full after 5 years. What is the amount to be paid if the effective rate of interest is 10% a. 1,150,165 b. 1,165,000 c. 1,165,526 d. 1,610,510A DEBT OF P10,000.00 WITH 10% INTEREST COMPOUNDED SEMI-ANNUALLY IS TO BE AMORTIZED BY SEMI-ANNUAL PAYMENTS OVER THE NEXT 5 YEARS. tHE FIRST DUE IS IN 6 MONTHS. DETERMINE THE SEMI-ANNUAL PAYMENTS. a.P1,400.45 b.P1,295.05 c.P1,193.90 d.P1,200.00
