A vehicle is valued at R161075. The deposit is 11% and residual 20% percent. The maturity period is 4 years and interest rate is 16% pa compounded monthly. What would you expect the repayments to be on the vehicle?
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A vehicle is valued at R161075. The deposit is 11% and residual 20% percent. The maturity period is 4 years and interest rate is 16% pa compounded monthly. What would you expect the repayments to be on the vehicle?
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- If Bergen Air Systems takes out a $100,000 loan, with eight equal principal payments due over the next eight years, how much will be accounted for as a current portion of a noncurrent note payable each year?Calculating interest and APR of installment loan. Assuming that interest is the only finance charge, how much interest would be paid on a 5,000 installment loan to be repaid in 36 monthly installments of 166.10? What is the APR on this loan?. A debt of P100,000 is to be discharged by ten semi-annual payments, the first to be made 6 months after the loan is given. The debt will be discharged by 5 equal payments each P10,000 and by 5 other equal payments of such amount that the final payment will liquidate the debt. If interest is 12% compounded semi-annually, what is the amount of the last 5 payments? Construct an amortization schedule.
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- An obligation will be amortized by quarterly payments of P670 for 10 years. If interest is at 6% compounded quarterly, find: the present value of the loan; the outstanding principal after 7 years; the remaining liability just after the 30th payment; how much of the 20th payment is interest, and how much goes to principal?Suppose a borrower makes a $100,000 loan with annual payments at a 10 percent rate and a 10-year term. The loan is fully amortizing; however, payments are made on an annual basis to simplify the initial illustration. How the annual loan payment is calculated?
