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.)

Q: A loan 1000 is repaid by equal annual amounts of principal for 10 years and annual interest of 7% on…

A: Equal installment  = Loan Amount / present value annuity Factor @rate of interest for life

Q: A debt can be repaid by payments of $3125.00 today, $2770.00 in two and half years and $4600.00 in…

A: To Find: Single Payment to settle debt four years from now

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…

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Q: A debt of ​$40,000 is repaid over 12 years with payments occurring annually. Interest is 4%…

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Q: An amortization of a debt is in a form of a gradient series of ₱5,000 on the first year, ₱4,500 on…

A: The gradient series are: ₱5,000 on the first year ₱4,500 on the second year ₱4,000 on the third year…

Q: Suppose a borrower makes a $100,000 loan with annual payments at a 10 percent rate and a 10-year…

A: Annuity:   An annuity is the series of payments which is received or paid for a fixed period of…

Q: An IOU agreement was made between two persons. For a face value of $100,000, it was agreed that the…

A: Face value = $100000 Annual payment (A) = 10.50% of Face value = $10500 Redemption value (R) = 90%…

Q: n amortization of a debt is in a form of a gradient series of ₱5,000 on the first year, ₱4,500 on…

A: Present value of cash flows is sum of present value of annuity and present value of gradient.…

Q: Consider a loan of $2100 at 7% compounded quarterly, with 6 quarterly payments. Find the following.…

A: An amortized loan is a loan that is repaid slowly by paying equal installments. The balance of the…

Q: uppose that one has a bank loan for P15,584.48, which is to be repaid in equal end-of-month…

A: In this we need to calculate present value factor and from that you will get monthly payment.

Q: Debt payments of $1,800 due today and $1,200 due in 210 days are to be combined into a single…

A: Interest = Prinicpal * Rate of interest * time The payment due today = $1,800 will be delayed by 80…

Q: You borrow ksh 1,000,000 from a bank for 5 years at 10% compound interest .The loan is repayable in…

A: Present value (PV)= 1,000,000 Time (t)= 5 years Rate (r)= 10% = 0.1   The present value is how much…

Q: JG Asset Services is recommending that you invest $1,050 in a 5-year certificate of deposit (CD)…

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

Q: A debt of ₱10,000 with interest rate of 20% compounded semiannually is to be amortised by 5 equal…

A: Formula for present value :…

Q: A debt of P3,500 is to be amortized by 6 equal semiannual payments with interest at 6%compounded…

A: Debt amount (D) = P 3500 n = 6 payments r = 6% per annum = 3% semiannually Let the periodic payment…

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: A debt of Php 10,000.00 with interest at the rate of 20% compounded semi-annually is to be amortized…

A: Debt = 10,000 Interest Rate = 20% Compounded Semi Annually i.e. 10% per semi annual period Number of…

Q: You have an outstanding debt of $8,000, with 9% simple interest. If you make a partial payment of…

A: An individual or another entity may take on debt in the form of a loan. A sum of money is given to…

Q: A debt of P40,000, whose interest rate is 15% compounded semiannually, is to be discharged by a…

A: Equally installments means an equal amount is repaid. Equally installment includes the interest…

Q: A debt of $24,000, which is due 8 years from now, is instead to be paid off by four payments: $8000…

A: Compound interest is defined as an addition of an interest to he sum of the loan that is principal.…

Q: For a repayments schedule that starts at the end of year 5 at $A and proceeds for years 6 through 40…

A: A loan is a type of borrowing that is taken from a financial institution by a borrower and the…

Q: A $45,000 loan at 8.7% compounded semiannually is to be repaid by semiannual payments of $3,300…

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

Q: Construct an amortization schedule for a $1,000, 12% annual rate loan with 4 equal installments.…

A: Hey, since there are multiple questions posted, we will answer the first question. If you want any…

Q: P2,000 loan was originally made at 8% simple interest for 4 years. At the end of this period, the…

A: Under simple interest , interest is calculates on principal amount of loan. Formula of interest is…

Q: A debt of P43,000 whose interest rate is 14% compounded semi-annually, is to be discharged by a…

A: For the given problem, we need to compute balance of loan remaining after 6 payments and then shall…

Q: Find the payment necessary to amortize a 8​% loan of ​$1100 compounded​ quarterly, with 19 quarterly…

A: The payment size can be computed with the help of present value of annuity function.

Q: A debt of P100,000 with interest at the rate of 18% compounded semi-annually is to be amortized by 5…

A: Loan is a value which is borrowed from external sources like a bank and this amount is repaid later…

Q: A debt of $9000 is to be amortized with 8 equal semiannual payments. If the interest rate is 10%,…

A: For loan amortization, we can use the following formula PMT =(PV*i)/[1-1/(1+i)n] Where PMT =…

Q: A loan of $ 1,000 is being paid with annuities of $ 80 at an interest rate of 5. One year after the…

A: In this problem you have to find out present value of payment paid and balance payment.

Q: A person borrowed a loan and pledged to repay it and its interest using the amortization method, out…

A: The present value of the annuity should be used here since the payment is made at regular intervals…

Q: A P28,000 debt at 15% interest compounded semi-annually is to be amortized at P2,250 every 6 months.…

A: The following is the amortization table. From this we can answer the 3 questions. Please note the…

Q: Consider a loan of $7800 at 6.4% compounded semiannually, with 18 semiannual payments. Find the…

A: We need to use loan amortization formula given below to calculate size of semi-annual payment. PMT…

Q: An amortization of a debt is in a form of a gradient series of P5,000 on the first year, P4,500 on…

A:

Q: If you borrow $20,000 at an interest rate of 8%, compounded annually with the following repayment…

A: In the given sum we are given loan amount and  interest rate. We must find the value of A which is…

Q: A debt of $200,000 is accruing interest at 9% compounded daily. If it is to be repaid by monthly…

A: in this we have to calculate present value FACTOR and period required.

Q: 3. A debt of P3,500 is to be amortized by 6 equal semiannual payments with interest at 6%compounded…

A: Debt amount (PV) = P 3500 Number of semi-annual payments (n) = 6 Interest rate = 6% Semi annual…

Q: A debt of  ₱50,000pesos is to be amortized by means of march, april, may, june in quarterly…

A: Debt is defined as an obligation, which usually requires one party, debtor, and fund payment or…

Q: A loan was to be amortized by a group of four end-of- year payments forming an ascending arithmetic…

A: Loan is been paid in the ascending arithmetic progression Year Loan Repayment 1 5000 2 5400…

Q: ith interest at 24% compounded monthly, will be amortized by monthly payments of P 1000 as long as…

A: The given problem can be solved using FV function in excel. NPER function computes no. of…

Q: The debt is amortized by the periodic payment shown. Compute (a) the number of payments required to…

A: According to the time value of money concept, an amount of money has two different purchasing power…

Q: Suppose that $100,000 is borrowed at 8 percent and is to be repaid in three equal annual…

A: Given:

Q: A debt of 4,400 with interest at 2.5% payable semi-annualy or .0125, will be discharged by payments…

A: Given information: Amount of debt : 4,400 Interest rate : 1.25% Periods : 7 Payments : 600

Q: what would be your debts at the end of the term according to each situation?

A: A loan is accompanied with interest that is paid in equal installments over an agreed period of…

Q: Locust Inc. owes ​$20,000.00 to be repaid by monthly payments of ​$510.00. Interest is 6​%…

A: Since you have asked a multiple subpart question, we will answer the first three subparts for you.…

Q: A P350,000 debt is released at 6% compounded bi-monthly and is to be paid bi-monthly for 5 years.…

A: Debt = 350,000 Interest rate = 6%/6 = 1% per bi monthly period Total Time Period = N = 5 years i.e.…

Q: Z company paid TL 10000000 at the end of the 20th year for its 7.5% interest rate and 20-year…

A: Interest Rate = 7.5% Time Period = 20 years Amount paid at end = 10,000,000 Value at time 0=Amount…

Q: 1. Suppose you borrow $16,000. The interest rate is 10%, and it requires 4 equal end-of-year…

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

Q: 2 A debt of P75,000 is to be amortized by giving payment of r15,000 at the end of each quarter at 3%…

A: Disclaimer:- “Since you have posted a question with multiple sub-parts, we will solve first three…

Mortgages

A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.

Mortgage

The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.