Answered: 9. If a loan of Rs. 30,000 is to be…

9. If a loan of Rs. 30,000 is to be paid in 5 annual installments with interest rate of 12% p.a. then the equal annual installment will be

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter19: Lease And Intermediate-term Financing

Section: Chapter Questions

Problem 18P

See similar textbooks

Related questions

Q: A debt of $4,000.00 is to be paid off with 8 equal semi-annual payments. If the interest rate is 15%…

A: Repaying debt in equal instalments is a type of annuity. That is any number of payments of equal…

Q: 1. A loan taken from Riyadh Bank; needs to be paid off, in N years. If the loan is equal to 40…

A: In the given question, since loan amount and installment amount is not given, we have to make…

Q: What monthly payment is required over 8 years to equate with a future amount P90,000? Assume…

A: Monthly payment refers to the amount which is paid on a periodic basis. The period of monthly…

Q: A debt of $4000 due now is to be repaid by a payment of $1,000 in 1 year, a payment of $2,000 in 3…

A: Total debt =$4000 interest rate =6% First payment $1000 in one year Second payment $2000 in three…

Q: 2B. a. Suppose we have a four year fixed-payment loan with $900 payments made at the end of each…

A: A loan is a type of credit vehicle in which a sum of money is lent to another party in exchange for…

Q: I. Bank X pays 12 per cent and compounds interest quarterly. If Rs 200,000 is deposited initially,…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Set up an amortization schedule for a Rs 100,000 loan to be repaid in equal installments at the end…

A: in this we have to calculate present value FACTOR and find out equal annual payment.

Q: (6) Suppose you are paying GHS 51.88 per week for 14 years to repay a GH¢18,000 loan. What is the…

A: Using Excel Rate function

Q: A P150,000 loan is to be paid as follows: P 10,000/month _______ 1st to 10th month Final payment…

A: Loan = 150,00 Time Period = 12 months Interest Rate = 12%/12 = 1% per month Payment from 1st to 10th…

Q: Compute the monthly payment on a $65,000 loan if the principal and interest are to be repaid in 84…

A: Monthly payments could be computed by using the present value formula. Present value of all the…

Q: 3. When will Php 30,000 earn interest of Php 15,000 if it is invested at the rate of 7.5% compounded…

A: Time value of money concept says that a sum of amount invested today will have more value in future…

Q: 2. A P20,000 loan is to be paid off in 10 equal annual payments. The semi-annual interest is 8%.How…

A: Interest refers to the amount charged by the lender on the lent amount. The borrower of the loan is…

Q: What rate compounded monthly was charged on a loan of ₱3500.00 repaid in monthly installments of…

A: Loan = 3500 Monthly Installment = 107.19 Time Period (N) = 39 months

Q: How much interest will be charged on P7,300 borrowed for three (3) years at a simple interest rate…

A: The simple interest method is a method where interest is calculated only on the principal amount…

Q: What will be your annual payment if you take nowa loan of $164,000 with annual equal repayments over…

A: Loan amount = $164,000 Loan period = 11 years Interest rate = 0.08 (i.e. 8%) Amount of annual…

Q: A loan of 7 quarterly payments of Php.8,300 is to be made, to pay for a loan at 10% compounded…

A: Interest rate = 10% per annum Interest rate = 2.5% per quarter…

Q: A loan of $1,000 at a nominal rate of 12% convertible monthly is to be repaid by 6 monthly payments…

Q: A loan of 10.000 TL is repaid in equal annual installments at 10% effective interest rate per year.…

A: Given: Loan amount= 10000 TL Annual effective rate =10% Interest amount in third payment = 868.24…

Q: A loan of P300,000 is to be repaid in full after 2years. If the interest rate is 9% per annum. How…

A: given, P= p300,000 r=9% m=12 n=2

Q: Find the interest that will be deducted in advance from a loan of P25,000.00 due in 2 years if the…

A: Given Information : Amount of loan = ₱25,000 Annual interest rate = 6% Number of years = 2

Q: A loan of 10,000 is to be repaid during 5 years with equal monthly payments of p. The interest rate…

A: In this we have to calculate present value of both option.

Q: A debt payment of $8000 is due in 108 months. If money is worth 6.7% p.a. compounded annually, find…

A: (a) Debt payment=FV=$8000 Time=108 months=9 years Interest rate=6.7% p.a.

Q: For a repayment schedule that starts at end of year (EOY) four at $Z and proceeds for years 4…

A: Given: Principal = $10000 Int Rate i=7% Tenure is 10-4 = 6 YrsPayment starts at end of 4 yrs.…

Q: what is the monthly payment for a loan of 140,000 30 year fixed rate of Apr of 7.5% what is the…

A: Using excel PMT function

Q: A debt of RM600 due in three years and RM800 due in four years is to be repaid by a single payment…

A: The figure is shown below for considering the time period:

Q: A sum of Rs 390200 is to be paid back in three equal annual instalments. How much is each…

A: The installment amount can be calculated with the help of present value of annuity function.

Q: What is the maturity value of the loan if the proceeds is P22,000 at the rate of 10% for 10 months?…

A: Proceeds (P) = P 22000 r = 10% n = 10 months = 10/12 years = 0.833 years

Q: The price of T.V set is worth 20,000.00 that needs to be paid in 20 installments of 1000.00 each. If…

A: Following is the answer to the question

Q: A loan is to be repaid after a term of 5 years. If the principal amount is at P215,000 and the total…

A: The interest rate on the loan: The interest paid on a loan taken is the cost of the money taken as a…

Q: A loan of $3000 is to be repaid by level monthly installments in arrears over a period of 3 years.…

A: Annual percentage rate (APR) refers to the annual cost of funds borrowed.

Q: A loan for P 50,000 is to be paid in 3 years at the amount of P65,000. What is the effective rate of…

A: A study that proves that the future worth of the money is lower than its current value due to…

Q: 2. A bank loan of P6,000,000 charged at 9.65% pa compounded quarterly, is to be paid in 10 equal…

A: First we need to calculate effective annual interest rate Effective annual interest rate =1+inn -1…

Q: riod, if a loan of Php 50,000 is made for a riod of 16 months at a rate of 7.5%?

A: The amount due at the end of period will be amount of loan and accrued interest on that. That would…

Q: A loan of X pesos will be paid in 48 equal monthly payments, starting 6 months from the release of…

A: Loan – X Monthly payment – P 5782 Interest rate – 18% p.a. c.m. or 18/12 = 1.5% p.m. Time – 48…

Q: 6. What size monthly payments should occur when $10,000 is borrowed at 6% per year compounded…

A: Borrowings: Borrowings are the loan which is taken by the individual to meet its financial…

Q: A loan taken from Riyadh Bank; needs to be paid off, in N years. If the loan is equal to 40…

A: Let the identical payments be x. so the loan value will be 40x. It is given that the interest rate…

Q: Find the amount of an ordinary annuity of 20 semi-annual payments of P1, 000 if interest rate is 12%…

A: Total Semi annual payments is 20 Interest rate is 12% compounded semi annually Amount of annunity is…

Q: 1.Find the PV of an annuity consisting of 60 quarterly payments of Rs. 200, the first being made at…

A: Given that these are four separate questions, we will answer the first one according to Bartleby…

Q: 8- Suppose that you obtain a loan from a bank. The loan amount is 60.000 TL and has a 5 years…

A: To Calculate the annual interest rate on term deposit, first we have to calculate the Installment of…

Q: A loan of £8,000 is to be repaid by level monthly instalments of £ 185 in arrear over a period of 4…

A: Using excel Rate function

Q: A $35,000 loan at 4% compounded quarterly is to be repaid with six equal quarterly payments. The…

A: The total present value of all future installments to be paid is equal to the current value of loan.…

Q: 2. RM 500 payment is made every month to amortize a debt of RM4736. By constructing an amortization…

A: An amortization schedule is a table showing the manner in which the debt is paid off. It includes…

Q: Assume that you borrow 50,000 JPY under the system of 5% yearly compound interest. (1) If you repay…

A: Equal Loan installment is that under which we will pay the equal installment every year which…

Q: The 12% add on loan is to be repaid in monthly installments over 2 years. The amount borrowed was…

A: Calculation of Monthly Payment:The monthly payment is $279.Excel Spreadsheet:

Q: You borrow 10.000 USD for 4 years to be paid with equal installments. The rate is 10% a-what is…

A: Remaining principal after a certain time period denotes the outstanding principal at the end of that…

Q: If the sum of P12,000.00 is deposited in an account earning interest rate of 9% compounded…

A: Future Value: The future value is the amount that will be received at the end of a certain period.…

Q: 20.000 TL loan is being repaid by installments of 400 TL at the end of each month for as long as…

A: Computation: Year 1:

Q: A loan of P95000 is borrowed for 240 days at a simple interest rate of 12.3 percent per year. What…

A: Loan amount (P) = P95000 Interest rate (r) = 12.3% Period (t) = 240 days = 240/365 =…

Question

100%

uSE EXCEL

9. If a loan of Rs. 30,000 is to be paid in 5 annual installments with interest rate of 12% p.a. then the equal
annual installment will be

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.

Similar questions

Suppose that one has a bank loan for P15,584.48, which is to be repaid in equal end-of-month installments for 9 years with a nominal interest rate of 0.114 compounded monthly. What is the amount of each payment?
A debt of $7,000.00 is to be paid off with 10 equal semi-annual payments. If the interest rate is 13% compounded semi-annual, what is the size of the payment?The semi-annual payment would be $. (Round to 2 decimal places.)
A loan of $3000 is to be repaid by level monthly installments in arrears over a period of 3 years. the flat rate of interest for this transaction being 4.7% per annum. APR of this transaction is: a)7.1% b)8.9% c)10.2% d)9.1%
A loan taken from Riyadh Bank; needs to be paid off, in N years. If the loan is equal to 40 identical installment payments, calculate N. ASSume the Annual interest rate is 0.6 %.
A loan of 10.000 TL is repaid in equal annual installments at 10% effective interest rate per year. If the interest paid in the third installment is 868.24 TL, calculate the regular installment amount.
Compute the simple interest of a loan amounting to P50,000.00 payable in 8 months if the interest rate is 3.5%
What would the required payment be on a K1,000 loan that is to be repaid in three equal installments at the end of each of the next three years if the interest rate is 10%?
A debt of RM600 due in three years and RM800 due in four years is to be repaidby a single payment two years from now. If the interest rate is 8% compoundedsemiannually, how much is the payment?
A loan for P 50,000 is to be paid in 3 years at the amount of P65,000. What is the effective rate of money?
A loan of 10,000 is to be repaid during 5 years with equal monthly payments of p. The interest rate for the first year is 2%, while the interest rate for the remaining 4 years is 9%. What is p?
A debt of $6000 is to be amortized with 8 equal semiannual payments. If the interest rate is 7%, compounded semiannually, what is the size of each payment? (Round your answer to the nearest cent.)$
A loan of $5514 borrowed today is to be repaid in three equal installments due in one-and-a-half years, three years, and five -and-a-half years, respectively. What is the size of the equal installments if money is worth 2.3% compounded monthly?