A loan of $4100 is to be repaid in three equal installments due 110, 197, and 311 days respectively after the date of the loan. If the focal date is the date of the loan and interest is 6.89% p.a., find the size of the installments.

Q: A Forward Rate Agreement contains an agreed interest rate of 5.75% on a 6-month loan. If settled at…

A: Forward rate agreements are used by entities to hedge against the interest rate risk. It is an…

Q: A loan is being repaid with 10 payments of RM2,000 followed by 10 payments of RM1,000 at the end of…

A: First 10 semi annual payment = RM 2000 Next 10 Semi annual payments = RM 1000 Annual interest rate =…

Q: A customer takes out a loan of $150,000 on January 1, with a maturity date of 36 months, and an…

A: Interest on loan:-It is the rate levy on the initial amount of loan and this is the additional…

Q: A debt of $6000 is to be amortized with 8 equal semiannual payments. If the interest rate is 7%,…

A: using financial calculator, N = 8 I/Y = 7%/2 = 3.5% PV = -6000

Q: A loan is offered with monthly payments and a 8.50 percent APR. What's the loan's effective annual…

A: Effective annual rate is the rate that is actually earned. It can be calculated Effective annual…

Q: Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage…

A: Finance Charges =Total Payments - Amount financed

Q: Calculate the finance charge (in $) and the annual percentage rate for the installment loan by using…

A: Using excel RATE function

Q: You are given a loan on which interest is charged over a 4-year period, as follows: i. an effective…

A: Let the annual effective interest rate = r 1st year discount rate = 6% 2nd year discount rate = 4%…

Q: NOP Co. has agreed to the following loan proposal by a bank: ▪ Stated interest rate of 10% on a…

A: Net proceeds refers to the left out amount after considering all expenses likes commission expenses,…

Q: Given the annual interest rate and a line of an amortization schedule for that​ loan, complete the…

A: Annual interest rate = 5.4% Monthly interest rate = 5.4%/12 = 0.45% Closing balance = $ 4,464.20…

Q: ABC’s bank offered a loan with conditions of a P5,000,000 face amount, 6-month term, 4% interest…

A: Effective annual interest rate is the interest rate which an investor expects in a year after taking…

Q: A loan is to be amortized by a group of five end of year payments forming an ascending arithmetic…

A: A loan is a sum of money borrowed from a third party, such as a bank, and returned over time in…

Q: A loan of $2,000 is paid by the following series of payments, beginning one year after the loan is…

A: Amortization table shows the break up of instalments for the interest charged on the outstanding…

Q: The interest rate on a $6400 loan is 7% compounded semi-annually, and the loan is to be repaid by…

A: Here, To Find: Number of months required to settle the loan =? Amortization schedule =? Total…

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

A: given, P=8000 n=4 m=12 A=185

Q: Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage…

A: Using excel Rate function

Q: Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage…

A: Loan amount (L) = $13000 Number of payments (n) = 36 Monthly payment (M) = $454 Let r = Monthly rate

Q: Find the APR of the loan given the amount of the loan the number and types of payment in the add-on…

A: Annual percentage rate (APR) : It refers to the yearly generated interest by a Principal amount that…

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

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: A loan's nominal interest rate is 16%, APR. If the loan is payable monthly, the effective interest…

A: Effective annual interest rate is simply an effective rate of interest earned on any loan or…

Q: Given the annual interest rate and a line of an amortization schedule for that loan, complete the…

A: Payment = $175.92

Q: A loan of $1575 taken out on June 7 requires three payments. The first payment is due on July 7. The…

A: The focal date of the loan is 7th June. The first payment is due on 7th July, the second payment is…

Q: Compute the size of the final payment for the following loan.   Principal​ $ Periodic Payment​ $…

A: A loan is  basically a type of debt that an individual or the other entity incurs. The lender, who…

Q: determine the lump-sum amount to be paid at the end of the loan period.

A: Amount: It is the sum of money to be paid at the end of the period. This sum of money also includes…

Q: Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage…

A: Finance charge is an extra payment paid on borrowed amount for the period. It is the expense and…

Q: BPI granted a 10-year loan to a borrower in the amount of ₱1,500,000 with stated interest rate of…

A: Notes can be defined as a financial security which provides interest to its holder. To deal in…

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: 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: The maturity value of a three-month loan of 2,500 dollars is 2,577 dollars. Find the simple annual…

A: Simple interest dose not take compounding into consideration.

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: 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: A loan of $1500 is to be repaid by annual payments of $250 to commence at the end of the fifth year…

A: Loan balance at 5th year = Present value*(1+rate)^years Loan balance at 5th year = $1,500 * (1+5%)^4…

Q: Find the refund fraction on a 18-month loàn with interest of $2,852 if the loan is paid in The…

A: The refund fraction is the fraction or percentage that has to refund of the amount of loan.

Q: Find the payment necessary to amoritize a 4% loan of $1600 compounded quarterly, with 9 quarterly…

A: Loan amount (PV) = $1600 Interest rate = 4% Quarterly interest rate (r)  = 4%/4 = 1% Number of…

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: For a short-term cash requirement of 85,000 TL, a 12-month maturity loan with equal installments…

A: The amortization schedule helps the lender to keep a track of the loan payments that will be…

Q: A loan is partially settled by making payments of $3, 500 at the end of every six months for five…

A: Using Excel PV function

Q: Find the refund fraction on a 18-month loan with interest of $2,590 if the loan is paid in full with…

A: Refund Fraction = Sum of digits for Number of Remaining Payments / Sum of digits for Total Number of…

Q: The total amount paid on a GSIS loan is ₱41,500. If the loan was paid within 30 months at 6 ¼ %…

A: Given Information: Total amount of Loan Paid(A) = ₱41,500 Time Period = 30 months Simple Interest(r)…

Q: Given the annual interest rate and a line of an amortization schedule for that loan, complete the…

A: A loan amortization table is a schedule of loan repayment which includes all the bifurcation of…

Q: ABC’s bank offered a loan with conditions of a P5,000,000 face amount, 6-month term, 4% interest…

A: The annual effective rate is the actual rate of interest which is implied on the principal amount.…