A 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

Q: Travis International has a debt payment of $2.24 million that it must make 4 years from today. The…

A: Payment in 4 years = 2,240,000 N = 4*12 = 48 months Interest Rate = 4.83%/12 = 0.4025%

Q: AC Inc. borrows $250,000 to finance an expansion. The loan agreementrequires equal payment= every…

A: Loan is a contract between lender and borrower where lender provide funds to borrower for definite…

Q: A debt of $17520 with internet at 6 % compounded quarterly is to be repaid by equal payments at the…

A: The question is based on the concept of Financial Management. Annuity refers to the series of equal…

Q: Forty eight monthly deposits are made into an account paying 6% nominal interest per year compounded…

A: Amount of each deposit = M Number of deposits (n) = 48 r = 6% per annum = 0.5% per month Accumulated…

Q: A debt of ​$19,000 is being repaid by 15 equal semiannual​ payments, with the first payment to be…

A: Loan = P = ​$19,000 15 equal semiannual​ payments Interest = r = 5​% compounded semiannually…

Q: Starting three years from today, you make equal annual deposits of $5,000 into an account which…

A: Effective annual rate is calculated using the formula: EAR=1+rmm-1=1+12%22-1=1.062-1=12.36%

Q: A $10,000 loan is scheduled to be repaid in equal monthly installments at the end of each month for…

A: Principal Amount = $10,000 Interest Amount = $2,600 Time Period = 36 months

Q: Suppose you borrowe9 $12,000 at an interest rate of 8%, compounded monthly over 36 months. At the…

A: Computation:

Q: A loan is to be amortized by equal payments of 500 each at the end of every six months for 10 years.…

A: Semiannual payment (S) = 500 n = 10 years = 20 payments r = 7% per annum = 3.5% semiannually Let L =…

Q: Hamilton wants to accumulate ₺ 24.000 at the end of 4 years. It starts quarterly payments in a bank…

A: Amount at the end of 4 years = 24000 Total Terms(n) = 4*4 = 16 quarters Anbuak rate =6% Quarterly…

Q: A loan of $36,999.85 is to be repaid by payments at the end of each quarter for eight years. Each…

A: This is an example of a growing annuity in which each payment increases by a constant rate over the…

Q: A owes P30,000 in 5 months with interest at 7% and another P14000 is due in 11 months with interest…

A: While determining the value of single payment on the focal date, all payments shall be compounded or…

Q: A debt of $15,000 with interest at 12% compounded monthly is repaid over 10 years by equal payments…

A: a. Calculate the size of periodic payment as follows: Payment=Loan…

Q: An account pays 4 percent interest (yearly effective). 10,000 dollars is deposited into that account…

A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…

Q: Find the annual deposit

A: Compound interest is the interest on interest. Under this method the interest is calculated by…

Q: $20,000 loan is being repaid by installments of $400 at the end of each month for as long as…

A: Amortization schedule is a table in which period payment or installment paid and the amount of loan…

Q: A 12-month certificate of deposit at Middlesex Savings Bank is advertising a 1.2% annua percentage…

A: The question is based on the concept of Cost Accounting.

Q: An individual borrows ₱150,000 from a bank at 10% annually compounded interest to be repaid in 6…

A: Loan can be amortized by repaying it in equal instalments. Each payment comprises of both interest…

Q: A debt of $17,000 is being repaid by 17 equal semiannual payments, with the first payment to be made…

A: Repayment of debt is made in fixed installments which include interest payment and also part of…

Q: John borrows $50,000 at an annual effective rate of 6% and will make payments 3. at the end of each…

A: The balance after the 10th loan payment can be ascertained by computing the future value at the end…

Q: MMS Corp borrows $1,650,000 today for a new building. The loan is an equal principal payment loan…

A: Calculation of Interest Payment due in Month 16:The interest payment due in month 16 is…

Q: A loan of $245,000 is to be repaid in equal quarterly payments over a period of 6 years. If the…

A: According to the time value of money concept, a specific dollar amount available today is worth more…

Q: On January 1, 2020, Aggie Company purchased a building for $65,000, making a cash down payment of…

A: Given, Cost of building = $65000 Cash down payment = $5000 Notes Payable = $65000-$5000=$60000…

Q: The company sells products to a customer for $60,000 and will receive $15,000 at the end of the…

A: Time value of money is the concept that states that the value of money have more worth than the same…

Q: A loan of $6,000 is repaid by payments of $544 at the end of every three months. Interest is 7%…

A: Annuity refers to series of annual payment which is paid or received at start or ending of specific…

Q: A Sarm is offered for sale for $22,500 cash or $ 7,500 cash and seguence payments of $ 4000 each the…

A: Purchase agreement is a formal document mentioning two parties buyer and the seller of the contract…

Q: The plan was to leave $5,000 on deposit in a savings account for 15 years at 6.5% interest…

A: Principal Amount = $5,000 Interest Rate = 6.5% Time period = 15 years  Withdrawal in 5th year =…

Q: pan of $30,000 is to be financed over a period of 24 months. The agency quotes a nominal interest…

A: in this we have to find equivalent effective interest rate and use as annual interest rate.

Q: A debt of $10,000 is to be repaid by equal Monthly payments at the end of every month for 1 year.…

A: Given data; Debt amount = $10,000 interest rate = 6% compounded semi-annually number of payments =…

Q: An amount of $15,000 is borrowed from the bank at an annual interest rate of 12%. Solve, a.…

A: Annuity Factor = [1-(1 + Interest Rate)-No. of periodsInterest  Rate…

Q: 0 is to be amortized by equal payments at the end of every quarter for 2 years. If the interest…

A: Debt refers to the desired sum of money borrowed by an individual or an entity through any financial…

Q: An air conditioner is for sale at P20,000 in cash or on terms, P1,650 each month for the next 18…

A: Given,  The sale price is P20,000. Payment is P1650 for each month is 6% compounded monthly Number…

Q: Monthly payments are to be made against an $850,000 loan at 7.25% compounded annually with a 15-year…

A: Note: As per Bartleby guidelines, only the first 3 subparts can be solved. Please post any other…

Q: Sixty monthly deposits are made into an account paying 6% nominal interest compounded monthly. What…

A: Hi, there, Thanks for posting the question. As per our Q&A honour code, we must answer the…

Q: Ontario Credit Union borrowed $275,000 at 9.5% compounded semi-annually from League Central to build…

A: As per our guidelines, we are supposed to answer only 3 sub-parts (if there are multiple sub-parts…

Q: Prepare an amortization schedule for a three-year loan of $57,000. The interest rate is 8 percent…

A:

Q: ABC Bank offers to lend you $50,000 for one year at a quoted annual rate of 8.46% with each payment…

A: Banks generate most of their income from the interest that is earned from the loans. These loans are…

Q: Marathon Peanuts converts a $130,000 account payable into a short-term note payable, with an annual…

A: The accrued interest is the interest due for payment but not paid yet by the business yet.

Q: You are about to borrow $8,000 from a bank at an interest rate of 8% compounded annually. You are…

A: The money which is taken as a loan from the bank or from any financial institution is known as…

Q: A firm sells the same material with two separate payment plans. 1. According to the 1st payment…

A: The payments of the loans and the purchase require regular or lump-sum payments. The present value…

Q: A P5,000 savings account earning 8% effective interest was opened five years ago. If another savings…

A: In this we have to find out the future values of both options and equate both.

Q: loan of $245,000 is to be repaid in equal quarterly payments over a perioa of 6years. the interest…

A: In this we need to calculate the quarterly payment and than get the required amount.

Q: A university is giving loans of $200,000 to its staff for a period of 5 years at 13.5% annual…

A: 1. given, Loan amount = $200,000 no of period = 5 years APR = 13.5% PMT FORMULA: PMT =…

Q: A business man has an obligation to pay $ 8,000 four years from now, and another obligation to pay $…

A: Annuity refers to series of annual payment which is paid or received at start or ending of specific…

Q: Marathon Peanuts converts a $130,000 account payable into a short-term note payable, with an annual…

A: Formula: Interest amount = Accounts payable amount x Interest rate x Time period

Q: a loan of 10,000 is to be repaid during 4 years with equal monthly payment of P. the nominal…

A: Loan amount              10,000.00 Time Period 4 1st Year Interest Rate 2% 3 year Interest…

Q: To establish a "rainy day" cash reserve account, a certain company deposits $12,000 of its profit at…

A: Amount of deposits =12000 interest rate =1.95 compounding quarterly  After 4years  After 5.5 years

Q: A debt of $10,000 is to be repaid by equal Monthly payments at the end of every month for 1 year.…

A: Debt amount = $10,000 interest rate = 6% compounded semi-annually number of payments = 12 ( monthly)

Q: Marathon Peanuts converts a $130,000 account payable into a short-term note payable, with an annual…

A: Short-term notes payable is a current liability of the business as the repayment is to be made in…