alculate the present value of a loan that could be cleared by payments of $3,350 at the nd of every 6 months for 7 years if money earns 7.08% compounded semi-annually.

Q: Calculate the present value of a loan that could be cleared by payments of $3,250 at the end of…

A: Present value of loan ca be calculated by using loan amortisation formula. Present value of loan(P)=…

Q: due at the end of 2 years and 9 mon 26. Find the semi-annual payment at the end of every six months,…

A: An annuity is a payment plan where future periodic payments are made in exchange for a lump sum…

Q: An item can be purchased for 4,500 or for 1,500 down payment and installment payment of 115 every…

A: Loan amount (L) = Purchase price - Down payment = 4500 - 1500 = 3000 Installment payment (A) = 115…

Q: A P15,000 loan at 6% compounded semi- annually is to be amortized in 6 months. Find the monthly…

A: monthly rate = (1 + 6%/12)1/6  -1 = 0.49386% N = 6 FV = 0 PV = 15,000 use PMT function in Excel…

Q: Calculate the present value of a loan that could be cleared by payments of $3,300 at the end of…

A: Using excel PV function

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: Find the payment necessary to amortize a 4% loan of $2100 compounded quarterly, with 19 quarterly…

A: Payment size: It implies to the amount of payment that is made in respect of a loan at regular…

Q: A loan is amortized over 7 years with monthly payments at a nominal interest rate of 5% compounded…

A: The series of cash flows given here is a form of annuity with growth. However, the growth rate here…

Q: Determine the amount due on the compound interest loan. (Round your answers to the nearest cent.)…

A: We need to use compound interest formula to calculate the amount due A=P(1+i)n Where A= amount…

Q: A payment of $3,000 was made into an account at the end of every 3 months for 12 years. a. If the…

A: given, A= $3000 n = 6 years r=4% m= 4 ( quarterly compounding)

Q: Prepare an amortization schedule for a five-year loan of $71,500. The interest rate is 7 percent per…

A: Working note:

Q: A loan of 125,000 will be repaid by payments at the end of each month over 30 years. Payments for a…

A: Monthly payments are the loan re-payments paid by the borrower of the loan to the lender. It…

Q: A payment of $4,500 was made into an account at the end of every 3 months for 12 years. a. If the…

A: a) P = 4,500 + 4,500 = 9,000 r= 6% t= 5 n= 12 Future value = P1+rnnt= 9,0001+0.061260=…

Q: A $13,000 loan is to be amortized for 10 years with quarterly payments of $414.98. If the interest…

A:

Q: A loan is amortized over 5 years with monthly payments at a nominal interest rate of 12% compounded…

A: First monthly payment (M) = 200 Monthly growth rate (g) = 1% Monthly interest rate (r) = 12%/12 = 1%…

Q: A loan of $11,300 is to be amortized with quarterly payments over 6 years. If the interest on the…

A: Time value of money is the concept where the value of money today is higher than the value of money…

Q: A 200,000 dollar loan is taken out. Interest is 6 percent nominal, converted monthly. The loan is to…

A: we will only answer the first three subparts . For the remaining subparts, please resubmit the…

Q: A $30,000 loan with an interest rate of 9% compounded monthly was repaid, after a period of…

A: Here, Loan Amount is $30,000 Interest Rate is 9% Monthly Payments is $450 Time period of Monthly…

Q: Calculate the present value of the compound interest loan. (Round your answers to the nearest cent.)…

A: Present Value can be calculated using PV function in excel PV (rate, nper, pmt, [Fv], [type]) Rate…

Q: Determine the amount of money in a savings account at the end of 5 years, given an initial deposit…

A: Compounding: It is the practice by which the interest is credited both to an existing principal…

Q: A $28,000 loan is repaid with quarterly payments of $1,100 at 2.90% compounded semi-annually. How…

A: An interest rate method in which current interest is computed by multiplying the interest rate by…

Q: Select the correct answer and explain A loan of $ 45,000 is obtained at 17.5% per annum, to be paid…

A: Total Loan amount is $45,000 Rate of interest is 17.5% Time period is 2.5 years or 5 semesmter…

Q: Directions: Solve the following problems. A loan of P40,000is to be amortized by equal payments at…

A: Given Information :Amount of loan = P 40,000 Period of loan = 18 months = 1.5 years Annual interest…

Q: A new loan at 9% compounded quarterly requires quarterly paymets of $727.88 for seven years. Rounded…

A: Interest rate = 9% Quarterly interest rate (r) = 9%/4 = 2.25% Quarterly payment (P) = $727.88 Period…

Q: A 10-year loan is available from a relative at 10% simple interest. The amount borrowed will be…

A: First need to use simple interest formula to calculate interest simple interest payable in 10 years.…

Q: 160000 TL loan is being repaid by installments of 2250 TL at the end of each month for as long as…

A: Loan financing refers to the arrangement of a loan repayment system. It involves the repayment of a…

Q: Determine the amount of the payment required at the end of each quarter to repay a six-year loan of…

A: Time Value of Money :— According to this concept, value of money in present day is more than the…

Q: You borrow $10,000 at 8% for 4 years. The loan is repayable in four equal instalments at year end.…

A: Yearly installment will be calculated by amount of borrowing divided by present value factor of $1…

Q: Calculate the initial amount that would be in a savings account at the beginning of 6 years, given a…

A: Given  Interest rate =  3.14% Number of years = 6 Years Final amount received = 256 Future value is…

Q: Taking out a 21 year loan at $59,000 with 6% APR compounded monthly, and with monthly payments,…

A: Therefore, second principal payment is $117.9.

Q: A $24,100 loan is to be settled by making payments of $6,980 at the end of every 3 months. The…

A:

Q: A loan of $20,000 has a stated interest rate of 5 percent per year. Repayment of principal and all…

A: Loan amount = $20,000 Interest rate = 5% Time period = 10 years

Q: Make an amortization schedule (which includes payments made, interest paid, principal repaid, and…

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

Q: A P15,000 loan at 12% compounded quarterly is to be amortized every 3 months for 12 years. Find the…

A: Here, To Find: Quarterly payment =? Construction of amortization schedule =?

Q: 2. Monthly payments of P800 each are used to settle a loan for 8 months at 8% compounded monthly.…

A: Present value of annuity is the present value of all the stream of cash flow that occur in future.

Q: Calculate the present value of a loan that could be cleared by payments of $3,350 at the end of…

A: Present value is the current value of a a sum of money as compared to a future value that includes a…

Q: Prepare an amortization schedule for a five-year loan of $71,500. The interest rate is 7 percent per…

A: Amortization schedule for a five-year loan of $71,500 Caluclating Annual Payment on BA 2 PLUS…

Q: Monthly payments of P800 each are used to settle a loan for 8 months at 8% compounded monthly. Find…

A: Monthly payment  (P)= P 800 Number of monthly payments (N) = 8 Annual interest rate = 8% Monthly…

Q: Loan Repayment A loan of $10,000 is to beamortized with quarterly payments over 4 years. Ifthe…

A: given data  loan amount = $10000  interest rate = 8% quaterly amortized time period  = 4 years…

Q: Determine the amount due on the compound interest loan. (Round your answers to the nearest cent.)…

A: Borrowings are the liability that is used to finance the requirement of the funds. The borrower…

Q: Find the size of monthly payment for 2 years on P85,000 if money is worth 12% compounded monthly and…

A: N = 2 years or 24 months Loan = 85000 Nominal Rate = 12% Compounded Monthly Number of compounding…

Q: Find the interest paid on a loan of $2,600 for three years at a simple interest rate of 10% per…

A: Formula: Interest amount = Principal amount x Time period x Rate of interest.

Q: Use the appropriate formula to find the amortization payment you would need to make each three…

A: A type of loan in which the borrower has to make a schedule for the periodic payment regarding both…

Q: Auto loan requires payments of 300 Rial at the end of each interval for 3 years at a nominal annual…

A: Calculation of Payment Intervals and Accumulated Amount: Excel Spreadsheet: Excel Workings:

Q: A loan of $14,000 with interest at 12% compounded quarterly is repaid in 8 years by equal payments…

A: Loan Amount = $14,000 Interest compounded quarterly = 12% Calculating interest for semi-annual…

Q: Calculate and print out the balance due, principal payment, and interest payment for each period of…

A: Installment is the amount of periodic payments a borrower has to pay to its lender in por5der to…

Q: A recent graduate's student loans total $18,000. If these loans are at 4.2%, compounded quarterly,…

A: Given: Loan = $18,000 Interest rate = 4.2% Years = 6

Q: Monthly payments are required on a $45,000 loan at 6.0% compounded monthly. The loan has an…

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

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