A. How much is the amount of the loan? B. How much is the payment on the first period? C. For the second payment, how much goes to pay the interest? D. For the second payment, how much goes to pay the principal? E. How much is the outstanding balance after the 4 payment?

Q: Answer the following questions correctly. a. The interest is computed on the principal and on the…

A: Note: I am suppose to provide solution of first question.Please repost the remaining questions…

Q: Finding the total interest of a loan is similar to finding the total interest in an annuity's

A: When you take a loan then you have to make payments towards the principal amount as well as towards…

Q: al rate of interest on a bank account is 2.5% and the general rate of inflation is 4%. b) Using the…

A: Given information :

Q: The portion of the selling price paid by the customer at the time of purchase is called O a.…

A: Part amount of selling price is paid by the buyer immediately at time of buying and rest is paid in…

Q: A debt of RM480 was repaid with a check for RM498. If the interest rate was  7.5%, for how long was…

A: Debt = 480 Repayment = 498 Interest Rate = 7.5%

Q: How do banks calculate the monthly payment on a loan?

A: Present value annuity formula is used to calculate the monthly payment on a loan. Here, The loan…

Q: how are the origination fees borne by the borrower accounted for in relation to the initial…

A: External financing is the outsourcing of funds and refers to investment or financing provided by…

Q: In the payment term 5/10, n/30, the number '10’ represents _________________.

A: The credit term 5/10, n30 means if the debtor has paid the amount within 10 days, then he could…

Q: Give and explain the factors that affect the interest rate on the loan

A: Following are the factors that affect interest rate on the loan:  1. Supply and Demand Interest…

Q: The payment for the use of borrowed money is called: loan maturity value interest principal

A: Borrowed money is the loan taken, which is to be repaid within the terms of the loan contract.

Q: Outstanding Regular Payment Principal Component of Payment Period Interest Balance Component of…

A: A = Loan amount =              100,000.00 B = Regular Payment =                31,547.08 C =…

Q: (a) What is the finance charge (in $) on the loan? 2$ (b) Use Table 13-1 to find what annual…

A: Finance charge refers to the payment made in addition to the borrowed amount. The finance charge…

Q: 1. Find the monthly payments and the total interest for Loan A. 2. Find the monthly payments and the…

A: Information Provided: Loan amount = $15,000 Loan A = 3 year, 6.5% Loan B = 5 year, 5.8%

Q: QUESTIONS: 1. How much are the total free assets? 2 How much are the unsecured liabilities with…

A: The given question has more than 3 subparts so as per the policy of the company only the first 3…

Q: What is the Importance of Accrued Interest and Loan Payments?

A: When the bonds are being purchased and sold at that time accrued interest is considered to be…

Q: Assignmeht Using this information, answer the following questions 1. What is the monthly payment? 2.…

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

Q: As a loan is paid off, the   monthly payment increases debt and interest portions do not change each…

A: Interest expenses on loan is calculated on the closing balance of the loan  account on a particular…

Q: Which of the following accounts is an liability? a. Bank deposit b. Prepaid insurance expense c.…

A: Current liabilities: Liabilities which have to be paid  within one year from the date of the balance…

Q: The actual amount that is given to the borrower is called the after the loan has been discounted.

A: Basically a discounted loan has three components Discount Proceeds Maturity Value

Q: 3. How much is the monthly payment (repayment R)? 4. How much money is paid in total? (A. including…

A: Here a car is purchased by making a downpayment and paying the balance amount in equal installments.…

Q: Find the amount (in $) of interest on the loan.

A: Interest: It refers to the monetary charge paid by the borrower to the lender for taking a loan. It…

Q: Explain the accounting for long-term notes payable.

A: Notes payable: Notes payable is a written promise to make payment for specific sum at a certain…

Q: What is grace period? O The amount of time you have before your payment is due. O The amount of time…

A: Ans.  None of the above

Q: b) How much total money will you put into the account? c) How much total interest will you earn? %24

A: As per the information provided :  Amount deposited = $400Interest rate = 6.8% interest compounded…

Q: 1. suppose that you have the capacity to pay, would you rather borrow a loan that is amortized…

A:

Q: a. How many payments are required to settle the loan? Round to the next payment b. Complete the…

A: Amortization Schedule: It represents a table comprising interest payments, principal payments, the…

Q: 1. Based on the information, determine the value of each “ ? “ in the following table Loan principal…

A: We need to compute annual installment amount of loan. This can be computed with the help of PMT…

Q: The interest on a loan of R2 000 to be repaid

A: Interest refers to the amount charged by the lender on the lent amount. The borrower of the loan is…

Q: What do short-term notes payable represent?

A: Short-term notes payable: short-term notes payable is a written promise made by the business to pay…

Q: A. Amount of interest charge for each note B. Amount boweower would receive C. Amount payer would…

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

Q: What is the total payback amount of the loan? What is the amount of each payment? /month What is the…

A: Time value of money (TVM) refers to the method used to measure the amount of money at different…

Q: Find the amount (in $) of interest on the loan. Principal Rate (%) Time Interest $70,000 8…

A: Interest Amount = Principal * Interest rate * Number of months / 12

Q: With loans, spreadsheets make it easy to _____. (can be more than 1 of the options listed below) a.…

A: Loan is a value which is borrowed from the other sources like banks and this amount is repaid later…

Q: a. What will be the principal component of the sixteenth payment? Principal $ b. What will be the…

A: Loan amortization refers to a schedule which is prepared to shows the periodic loan payments, amount…

Q: True or false. Rate of return is the interest earned on the unpaid balance of an amportized loan

A: Rate of return is calculated to ascertain the profit and loss of an investment. It is expressed in…

Q: 1. An installment loan is repaid a. in a single payment after a specified period of time. b. in…

A: The term loan refers to the sum of money where one party lends to the other party for a value that…

Q: in.......................all of the interest is paid at end of the term

A: Interest payment refers to the amount that a borrower pays on the loan amount acquired by him for an…

Q: In the amortization of loans, interest must be paid at the beginning of each period calculated on…

A: Loans are amortized or paid off by way of scheduled and periodic regular payments. The payment…

Q: The original amount of money in a loan transaction is known as what?

A: Introduction: A loan is nothing but an amount of money lent from one or more individuals or…

Q: The of the present values of all the payments required to pay off a loan is equal to the original…

A: The original value of an  amount at any given time is known as equivalent value. The equivalent…

Q: The principal is borrowed and the loans future value A at the time t is given. Determine the loans…

A: Given: P (Present value)=3000A(Future value)=3495t=3 years

Q: Using this information, answer the following questione 1. What is the monthly payment? 2. How much…

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

Q: What is the true rate of the cost of credit on a YEARLY basis? interest rate (your response)…

A: Cost of credit is the additional amount over the amount borrowed. It should be repaid by the…

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.