Calculate the finance charge (in $) and the annual percentage rate for the installment loan by using the APR formula. (Round dollar amounts to the nearest cent and precentage to one decimal)   Amount Financed = 100,000 Number of Payments = 72  Monthly Payment = 2,025.50   SOLVING FOR THE FOLLOWING: Finance Charge = $_________ APR= ___________%

Q: Using this table as needed, calculate the required information for the mortgage. (Round dollars to…

A: Amount Financed = 163,300 Interest Rate = 7.25% Term of Loan (years) = 15 Table Factor (in $) = 9.13…

Q: Using this table as needed, calculate the required information for the mortgage. (Round dollars to…

A: Using excel PMT function

Q: Using this table as needed, calculate the required information for the mortgage. (Round dollars to…

A: Given: PV =1000Monthly rate =APR12=7.25%12=0.00604166667Total months in 15 years (n)=15×12=180

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

A: in this we have to calculate financial charges and we have to use given table.

Q: Using this table as needed, calculate the required information for the mortgage. (Round dollars to…

A: Amount Financed = $ 162,300 Interest rate(r) = 7.25% per annum = 7.25%/12 = 0.60416667 % Terms =…

Q: What is the monthly interest expense for the following open-end credit loan? Loan balance of…

A: The open ended credit loan you have to pay interest on balance amount used and calculation are done…

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

A: Amount Financed = $18400 Monthly payment = $424.08

Q: Compute the rate (in %) for the loan. Round answers to the nearest tenth of a percent; use ordinary…

A: Ordinary interest for a loan is a type of simple interest that uses 360 days instead of 365 days as…

Q: Find the amount (in dollars) indicated. (Round your answer to the nearest cent.) the monthly…

A: The month payment is the equal amount that is paid at every month until the maturity of the loan…

Q: Calculate the table factor, the finance charge, and the monthly payment (in $) for the loan by using…

A: Using excel PMT function

Q: A lender requires PMI that is 0.8% of the loan amount of $460,000. How much (in dollars) will this…

A: Given information: Loan amount is $460,000 PMI requires 0.8% of loan amount

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

A: Finance Charge is the total interest paid during the time period of the project. Finance charge is…

Q: Calculate the table factor, the finance charge, and the monthly payment (in $) for the loan by using…

A: We will use the future value calculator with given variables to find out the required information…

Q: Investigate the effect of the interest rate on home loans by finding the monthly payment and the…

A: Formulas:

Q: The following loan was paid in full before its due date. a) Find the value of h using an appropriate…

A: Given: APR = 8.7% Regular Monthly Payment = $214. Number of payments after Payoff (n) =4

Q: Purchase (Cash) Price Down Payment Amount Financed Monthly Payment Number of Paym

A: Given, Purchase (Cash) Price = $2,600 Monthly payment = $188.69 No. of payments = 18 Finance charge…

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

A: The annual interest rate that is charged by the lenders or at which the investors earn additional…

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

A: The annual interest rate that is charged by the lenders or at which the investors earn additional…

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

A: Using excel Rate function

Q: Using this table as needed, calculate the required information for the mortgage. (Round dollars to…

A: Information Provided: Amount Financed = $162,300 Interest Rate = 5.25% Term = 15 years

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

A: AMOUNT FINANCED = $17.910 NO OF PAYMENT = 48 MONTHLY PAYMENT = $550.47 TOTAL PAYMENT = $550.47 x 48…

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

A: Given: Amount Financed - $18,500 Number of payments Payment = 72 Monthly payment = $426.08 APR = ?

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

A: Payment = $175.92

Q: Using this table as needed, calculate the required information for the mortgage. (Round dollars to…

A: The compounding factor is an important factor that determines the future value of the present money.…

Q: Using this table as needed, calculate the required information for the mortgage. (Round dollars to…

A: Mortgage is loan contract that enables individuals or organization to purchase capital asset such as…

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

A: given data  amount financed = $18400 time period = 72 payments  monthly payment = 426.08

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

A: amount financed = $50,000 no of payment  = 60 monthly payment = $1,176.33 total payment = 60 x…

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: Using this table as needed, calculate the required information for the mortgage. (Round dollars to…

A: The time value of money concept is the most important concept that states that the value of money in…

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

A: Rate can be calculated using Rate function in excel. =RATE(nper, pmt, pv, [fv], [type], [guess])…

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

A: The finance charge is that charge which is paid by the borrower on the amount borrowed.

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

A: Therefore, the finance charge is $12,334.

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

A: Amount Financed = $ 18,400 Number of Payments (n) = 72 Monthly Installment = $ 426.08 Interest Rate…

Q: Find apr of the loan given the amount of the loan, number and type of payments and the add on…

A: The annual percentage rate would be providing the information as to what is the cost of borrowing…

Q: Find i (the rate per period) and n (the number of periods) for the following loan at the given…

A: The annual interest rate that is charged by the lenders or at which the investors earn additional…

Q: Solve the problem. If​ necessary, use the accompanying table of monthly payments. Round your answer…

A: Mortgage Amount (PV) = $105,250Interest rate (rate) = 10%Term of Mortgage = 25 yearsNumber of…

Q: As one of the loan officers for Grove Gate Bank, calculate the monthly principal and interest, PI…

A: Amount Financed = 220,000 Interest Rate = 3.50% Term of Loan (years) = 25 Annual Property Tax =…

Q: SOLVE FOR THE FOLLOWING: Finance Charge = $ Finance Charge per $100 = APR =________________ %

A: in this we have to calculate financial charges after deductions of principal amount payment.

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

A: Amount financed. $17950 No of payments = 48  Monthly payments =$561.47 Total Payments for 48…

Q: e the table factor, the finance charge, and the monthly payment (in $) for the loan by using the APR…

A: In this we need to determine the present value factor monthly and from that we can find out monthly…

Q: Find the finance charges on an 8.4 percent, 18-month, $1,000, single-payment loan when interest is…

A: The charge paid to an investor or a fund provider for borrowing money is known as a finance charge…

Q: Find the total monthly payment including taxes and insurance. Mortgage $56,400 Interest rate…

A: Given: Mortgage $56,400 Interest rate 5% Term of loan 10 years Annual taxes $662 Annual insurance…

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

A: The annual interest rate that is charged by the lenders or at which the investors earn additional…

Q: Calculate the table factor, the finance charge, and the monthly payment (in $) for the loan by using…

A: Monthly Payment is equal to the sum of Amount Financed and Finance Charge divided by the number of…

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

A: Installment is the amount of periodic payments a borrower makes to its lender in order to pay back…