A 4 year loan of $125,000 with equal installment payments at the end of each year.The interest rate is 7 percent per year. Establish loan amortization schedules for this loan

Q: 4. Establish loan amortization schedules for 3-year loan of $20,000 (initial loan) with equal…

A: Installment = Initial amount / PVAF ( rate, years )

Q: Establish loan amortization schedules for the following loans to the nearest cent. a. A 36-month…

A: When a loan is taken, borrower requires to pay interest on it. Apart from interest, instalment of…

Q: You take out a loan in the amount of $271,000 with annual equal repayments over the next 20 years.…

A: Annual Payment = P / ((1-(1+r)-n)/r) Where P = Principal Amount  r = Rate of interest n = Numbers…

Q: You repay a student loan of $20,000 in equal monthly installments over 5 years at a nominal interest…

A: Equated monthly installment is referred to as an amount payable for each and every month to the bank…

Q: et up an amortization schedule for a P5,000 loan to be repaid in equal installments  at the end of…

A: Laon amortization schedule means where repayment during the life of loan is written with interest.…

Q: A loan is amortized over five years with monthly payments at a nominal interest rate of 12%…

A: Borrowings are the liability that is used to finance the requirement of the funds. The borrower…

Q: the yearly effective rate over the five-year period?

A: Yearly effective annual rate is a kind of real returns on the investments yielding interest in which…

Q: Assume a borrower is given the following options for payment of a $100,000 loan: 5-year amortizing…

A: a) Option 1: 5 Year amortizing loan paying annual interest rate of 8% Payments to be made each year…

Q: Prepare an amortization schedule for a five-year loan of $71,500. The interest rate is 7 percent per…

A: Working note:

Q: Calculate the effective annual rate on each of the following loans: a. A $5,000 loan for two years,…

A: Interest refers to the cost of money borrowed from a lender. It can be simple or compound. It is…

Q: Calculate the finance charge and the monthly payment on a $20,000 add-on installment loan with an…

A: The equivalent cost is the periodic payment made towards the acquisition of an asset or security for…

Q: 4. Establish loan amortization schedules for 3-year loan of $20,000 (initial loan) with equal…

A: Answer  Loan amount = $20,000 Interest rate =5%

Q: loan is found to have an initial installment payment of IDR 2,500,000, and there are still 9…

A: initial installments =2500000 Remaining instalments =9 growth in instalments =3% interest rate =7%

Q: A sum of $80,000 is to be repaid over a 10-year period through equal installments made at the end of…

A: Interest, in finance and economics, is payment from a borrower or deposit-taking financial…

Q: Calculate the effective annual rate on each of the following loans: 1. $5,000 loan for 2 years,…

A: Effective interest rate refers to the real return that an individual or company earns on a saving…

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 fully amortizing mortgage loan is made for $60,000 at 6 percent interest for 20 years. Payments…

A: we will only answer the first three subparts , for the remining subparts kindly resubmit the…

Q: A 30-year annuity is arranged to pay off a loan taken out today at a 5% annual effective interest…

A:

Q: Find the APR for the following 5-year loan: A principal of £15,000 with a stated annual interest…

A: Excel formula which is used to calculate APR Formula:- APR =[ {(Interest + Fees )/ Loan amount} /…

Q: Prepare an amortization schedule for a $96,000 loan to be repaid in equal installments at the end of…

A: Calculation of yearly payments = [P x R x (1+R)^N]/[(1+R)^N-1] P = Principal amount R = Rate of…

Q: You are borrowing a loan from Sohar Bank of 14832 OMR at a compound annual Interest rate     of 1%.…

A: Formulas:

Q: Set up an amortization schedule for a $30,000 loan to be repaid in equal installments at the end of…

A: PRINCIPAL (p)= $30,000 n=20 r=20%

Q: A $50,000 loan is to be repaid in equal yearly payments over 20 years at an interest rate of 3%…

A: The amount to be paid each year means what amount should be paid over the life of loan such that…

Q: A floating rate mortgage loan is made for $100,000 for a 30-year period at an initial rate of 12…

A: Loan balance at the end of year 1 can be calculated using  FV (rate, nper, pmt, [Pv], [type]) Rate…

Q: A 10-year loan is available from a relative at 10% simple interest. The amount borrowed will be…

A: First need to use simple interest formula to calculate interest simple interest payable in 10 years.…

Q: You obtain a loan for ₱ 1,500,000.00 payable in three equal annual installments of ₱50,000.00 each.…

A: The present value of the loan: The loan obtained is the present value of all loan installments at…

Q: Determine the interest rate you will pay if you are approved for a loan of $112,000 with annual…

A: Interest Rate: It helps in the computation of the present value or future value of…

Q: Establish loan amortization schedules for the following loan to the nearest cent: A 25-year mortgage…

A: A type of loan in which the borrower has to make a schedule for the periodic payment regarding both…

Q: 4. Establish loan amortization schedules for 3-year loan of $20,000 (initial loan) with equal…

A: Installment = Initial Loan amount / PVAF ( rate, years )

Q: A loan of £50, 000 is repayable by equal payments at the end of each of the next 5 years. Interest…

A: A sum of money payable as one of the numerous equal payments over a certain period of time is…

Q: Establish loan amortization schedules for 3-year loan of $20,000 (initial loan) with equal payments…

A: Answer Loan amount = $20,000 Interest rate = 5%

Q: A loan of £ 2,120,000 is repayable by equal quarterly payments for 15 years. The effective rate of…

A: i) The quarterly payment can be computed as follows:

Q: A loan is being repaid with payments of $750 at the end of each year for 25 years. The annual…

A: Loan amount= 750 Year = 25 Rate = 5%% Investment rate = 6%

Q: Establish loan amortization schedules for 3- year loan of 20.000 (initial loan) with equal payments…

A: Given Years 3 Loan  20,000.00 RATE 5%

Q: Prepare an amortization schedule for a five-year loan of $71,500. The interest rate is 7 percent per…

A: Amortization schedule for a five-year loan of $71,500 Caluclating Annual Payment on BA 2 PLUS…

Q: A $550.000 home loan is amortized by equal monthly payments for 25 years at a nominal rate of…

A: A loan is the borrowing that is taken by a borrower from a lender. A loan is most commonly taken…

Q: A $7500 loan at 9% compounded monthly requires three payments at five month intervals after the date…

A: The loan is the borrowed money that has to return at the specified period with the given rate of…

Q: Establish loan amortization schedules for 3-year loan of $20,000 (initial loan) with equal payments…

A: Loan amortization is a type of loan where the borrower is required to pay periodical or scheduled…

Amortized Loans

The term "amortization" refers to spreading the value of a loan or a debt over a series of regular payments or installments comprising of both the principal and interest amount. It generally involves the process where in the value of a loan or an intangible asset is written down over its maturity period.