End of Month (n) Interest Payment Repayment of Principal Remaining Loan Balunce 1 $14,635.50 2 $367.23 3 $369.99 4 $104.24 5 $101.44 6 $12,771.58

Q: 2.5. What equal-payment series is required to repay the following present amounts? a. $10,000 in 4…

A: Disclaimer :- as you posted multipart questions we are supposed to solve the first 3 questions only…

Q: You currently have a $4,500 balance on your credit card that you were planning to repay in 24 equal…

A: Interest is installment from a borrower or store taking monetary organization to a loan specialist…

Q: You want to buy a $50,000 car.  You can finance the car for 0.9% interest for 5 years.  You decide…

A: Solved using Financial Calculator  Assuming Interest rate is 0.9% per annum compounded monthly

Q: 5. Find the amount due at the end of 15 months whose present value is $ 2,000 at 5% simple interest.

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: Annabelle loaned a certain amount from ABC bank. She agrees to pay P5000 at the beginning of each…

A: Pay = 5000 time Period = 6 years. interest rate = 10% compounding quater

Q: 1. You needed $10,000 and obtained the following loan: Loan specifics: You are expected to pay 24…

A: You are expected to pay 24 equal monthly installments (SA per month) at APR 12%, compounded monthly,…

Q: If I loaned 167,569 today and promised to pay it back after 5 years to the bank with monthly…

A:

Q: 1. Convert the following rates (a) 10% to compounded daily. (b) 20% simple interest to compounded…

A: Compound Interest refers to the addition of interest to the principal sum of a deposit/loan, or in…

Q: A child’s grandparents have opened a ₱586702 savings account for the child on the day of her birth.…

A: It is given in the question that, Principal amount(P)=5,86,702. Interest rate(i)=1.7% or 0.017…

Q: A bank is advertising 9% accounts that yield 9.344% annually. How often is the interest compounded?…

A: Solving with explanation

Q: An automobile loan of $15,000 at a nominal rate of 9% compounded monthly for 36 months requires…

A: An auto mobile loan of $15,000 at a nominal rate of 9% compounded monthly for 36 months requires…

Q: e interest earned by $15,000 for seven years at 7% simple interest with interest earned by the same…

A: Simple Interest refers to the simplest method of charging interest, it is calculated as multiplying…

Q: Determine the effective rates of interest for the following nominal rates of interest: a.) 9%…

A: The formula for calculating effective rate of interest is r = (1 + i/n)n - 1 where, r is effective…

Q: An automobile loan of $15,000 at a nominal rate of 10% compounded monthly for 36 months requires…

A: Based on the need of question , simple mathematical calculations have to be done to find out values.…

Q: ou borrow P 5,000.00 for one year from a friend at an interest rate of 18% compounded monthly…

A: Given the borrowed money = 5000 The interest rate in case of a loan from a friend = 18% The interest…

Q: 18.b

A:

Q: How much money must initially be deposited in a savings account paying 5% per year, compounded…

A: Answer: Given that:   How much money must initially be deposited in a savings account paying 5% per…

Q: A man borrowed an amount of P684.255 to bank that offers an interest rate of 8.816% compounded…

A: Given Principle amount P=684.255 rate of interest r=0.08816 compounded continously time n=9 years

Q: 2. Which of the following gives the lowest effective rate? A. 12.35% compounded annually B. 11.9%…

A: Effective annual interest rate formula: reff = (1 + r /n)n - 1 Where refff is an effective interest…

Q: A company owes P 80,000, which includes the interest, to be paid one year from now. To provide for…

A: Disclaimer: Since you have posted two questions, I am providing you with the answer to the first…

Q: man borrowed an amount of P150,600 to bank that offers an interest rate of 5.36% compounded…

A: *Answer:   According to the question,  Principal = P150,600 Interest Rate = 5.36% = 0.0536 Time…

Q: 7. A nominal interest rate of 12% per annum compounded monthly is equal to what nominal interest…

A: Effective interest rate = (1+rm)m - 1where r is interest rate and m is time period.

Q: Michelle Hunter received $250,000 from an insurance company after her hus- band's death. Michelle…

A: An interest rate is the amount of interest due per period, as a proportion of the amount lent,…

Q: Compute the interest for an amount of P200,000 for a period of 8 years if was made at 16% compounded…

A: Since you have posted 3 different question but as per answering guidelines, we are supposed to solve…

Q: 7. Calculate the effective annual interest rate of the following: a. 12% compounded annually b. 12%…

A: Dear student, you have asked multiple sub-part questions in a single post.In such a case, as per the…

Q: Compute the size of the final payment for the following loan. Periodic Principal $ Payment $ 8600…

A: Principle = 8600 , PMT = 580, Payment period = 6 months interest rate = 5%, Compounding period =…

Q: How much loan will be extinguished for a monthly amortization of ₱4,500 at 12% interest compounded…

A: Formula to be used: Compound interest (PN)=PO1+rKNKPN=Balance after n yearsN=YearsPO=Principal…

Q: if I loaned 167,795 today and promised to pay it back after 5 years to the bank with monthly…

A: In economics, present value refers to the current value of a future stream of cash flow. Future…

Q: On Juan’s 26th birthday, he deposited $5,000 in a retirement account. Each year thereafter, he…

A: Introduction: Compound interest is the interest added to the principal amount of a loan or deposit…

Q: Consider the cash flow series given in the accompanying table. What value of C makes the deposit…

A: Present value is an indication of whether the money that an investor receives today can earn a…

Q: A lender requires that monthly mortgage payments be no more than one-third of gross monthly income,…

A: Given- Order Purchase = $420,000 Make a down payment = 20%  so  $420,000 x 20/ 100 =  $84000…

Q: 5. Calculate the effective rate corresponding to each of the following rates: a. 9% compounded…

A: Effective interest rate = (1+im)m -1 where i is nominal interest ratem is number of compounding…

Q: company borrowed $100000 from a bank at an interest rate of 10% compounded monthly. The loan will be…

A: This annuity problem where equal payment will be made across the 36 periods to payoff the loan…

Q: A company borrows $ 100.000 today at 12% nominal annual interest compounded monthly. Find the…

A:

Q: If you borrowed $12,000 payable in 6 equal annual installments, what would be the principal payment…

A: Yearly Installments implies a progression of sums to be paid yearly over a foreordained time of…

Q: Suppose $5,000 is invested at an annual interest rate of 7%. Compute the balance after 10 years if…

A: (Q)Suppose $5,000 is invested at an annual interest rate of 7%. Compute the balance after10 years if…

Q: 2. Quarterly payments are to be made against a P50,500 loan at 795% compounded annually with a…

A: Answer in step 2.

Q: A ₱ 26,823 debt is to be paid off in eight equal quarterly payments at 3% compounded quarterly. What…

A: Given: The debt amount is = ₱ 26,823 The interest rate is = 3% compounded quarterly The payments are…

Q: If $800 is invested in an account that earns 9.32% compounded annually for 6 years, find the…

A: The measure that depicts interest being earned on a deposit being made based on the initial…

Q: 1.1 If you desire to withdraw the following amount in the schedule below from the savings account…

A: The deposit in year 0 can be calculated by using the following formula.

Q: What was the amount borrowed by Roy on June 1990 if the interest rate is 9% compounded annually?

A: interest rate(i)= 9% or 0.09 Let's consider the amount borrowed in June 1990 as X. Present wealth…

Q: Suppose you deposit $35,000 in an account today that pays 3.78% interest, compounded annually. How…

A: The  compound interest adds the interest acquired on a time period to the principal amount and the…

Q: In an ordinary annuity (uniform series of payments) if the nominal rate of interest is 8% compounded…

A: Capital recovery factor is a ratio that measures that present value of an ordinary annuity or a…

Q: A contract calls for semi-annual payments of P40,000 for the next 10 years and an additional payment…

A: The present value of an annuity: It means the current value of future payments from an annuity at a…

Q: What equal-annual-payment series is required in order to repay each givenpresent amount?(a) $28,000…

A: As per the guidelines, we can only answer 1 question up to 3 sub-parts at one time, we’ll answer…

Q: (ou have just taken out a mortgage for $5 75,000, at a fixed rate of 4.75% per rear, compounded…

A: The term mortgage refers to a loan used to purchase or maintain a home, land, or other types of real…

Q: 2 Compute the future worth of the cash flows with the different interest rates specified. The cash…

A: The value of a venture or income after a timeframe is known as its future value. The most common way…

Q: How long will it take $ 50 to be four times its value if invested at the rate of 7% compounded…

A: Interest, is that the adding of interest to the corpus of a loan or deposit. it is the outcome of…