Find i (the rate per period) and n (the number of periods) for the following loan at the given annual rate. Semiannual payments of $4,300 are made for 20 years to repay a loan at 7.15% compounded semiannually. i=(Type an integer or decimal rounded to four decimal places as needed.)

Q: A loan of $1000 is paid off in 12 monthly payments of $120 each. What is the effective annual…

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

Q: A bank offers a loan that will require you to pay 9% per annum with semi-annual compounding. Which…

A: Given rate,  9% semi annual compounding

Q: loan

A: Formula to calculate t under simple interest is: t = i/Pr where t is the time period, i is the…

Q: A loan from Scotiabank for $265,000 is repaid by making payments at the beginning every six months…

A: We need to use financial calculator to solve this problem.

Q: Show that the total interest paid on the amortization of a loan with leveled monthly payments K for…

A: The loan amount denotes by P, Monthly payment by k, number of years by n years, and rate of interest…

Q: Suppose a bank offer a loan for 2 years with fixed interest rate 9% per year compounded daily.…

A: Effective annual interest rate(EAR) refers to the actual interest rate which is received on deposits…

Q: What is the quarterly payment on a loan of $22,000 for 5 years at i= 8% per year, compounded…

A: Mortgage/ Borrowings:  Borrowings are the loan which is taken by the individual to meet its…

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

A:

Q: A loan of $245,000 is to be repaid in equal quarterly payments over a period of 6 years. If the…

A: Loan = 245,000 Time Period (N) = 6 years i.e. 24 quarters Number of compounding periods = 4 Interest…

Q: A loan of $2,000 is paid by the following series of payments, beginning one year after the loan is…

A: Amortization table shows the break up of instalments for the interest charged on the outstanding…

Q: what is the nominal annual rate of interest compounded quarterly if a loan of $25,000 is repaid in…

A: The act in which one person or entity provides funds to another person for defined term and agreed…

Q: What is the principal remaining after 20 monthly payments have been made on a $20,000 five-year…

A: A loan amortization table is a schedule of payment of loan which includes the bifurcation of…

Q: Prepare an amortization schedule for a three year loan of $57,000. The interest rate is 8% per year,…

A: Given: Loan amount = $57,000 Interest rate =8% Years = 3

Q: A $17000 loan is to repaid by monthly payments of $390, the first payment is due in one year's time.…

A: given, pv = $17000 pmt = $390 r=10% m=12

Q: Prepare an amortization schedule for a five-year loan of $59,000. The interest rate is 7 percent per…

A: Amortization schedule is prepared as follows, formulas for each cell is given in the next screen…

Q: If you borrow $7,500 at $550 interest for one year, what is your effective interest rate for the…

A: The effective rate of interest refers to the return on savings or interest on the investment…

Q: find i (the rate per period) and n (the number of periods) for each loan at the given annual rate.…

A: Calculation of Number of periods and monthly interest rate: Answer: Number of periods is 48 monthly…

Q: What is the effective rate of a 15% discounted loan for 90 days, P200,000, with 10% compensating…

A:

Q: Consider a five-year floating rate loan with principal of $10 million and quarterly payments based…

A: Given information: 5 year floating rate loan of $10 million

Q: A loan of $15,000 requires monthly payments of $477 over a 36-month period of time. These payments…

A: APR is the annual percentage rate. It is the interest rate charged from the borrower of the loan and…

Q: What is the size of eight equal annual payments to repay a loan of $1,000? The first payment is due…

A: Equated Monthly Installments are one part of the equally divided monthly outgoes to clear off an…

Q: What is the effective annual rate (EAR or EFF%)?  What is the EFF% for a nominal rate of 5%,…

A: Because you have posted multiple questions, we will answer only the first question and if you want…

Q: In an amortization table for a four-year loan of $45,280, given an interest rate of 11%, how much…

A: N = 4 years Loan = $45,280 Interest Rate = 11% Principal payment in second year = ?

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

A: Given Information Semi-Annual Payments = $4800 Time Period = 17 years Interest rate = 7.45%…

Q: A loan of $6,000 is repaid by payments of $544 at the end of every three months. Interest is 7%…

A: Annuity refers to series of annual payment which is paid or received at start or ending of specific…

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

A: Given information: Quarterly payment $1,125 Number of years is 9 Annual interest rate is 7.4%

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: If $6,840.00 is loaned for 4 months at an annual simple interest rate of 3.5%, how much interest is…

A: Principal =$6840 Time = 4 months Simple Interest = 3.50%

Q: Find the annual simple interest rate of a loan, where $800 is borrowed and where $904 is repaid at…

A: Interest charged on the principal amount at a fixed rate for a fixed period of time is known as…

Q: Amount Rate Time ​$63,000 12​% 3 years table of monthly payments on a​ $1,000…

A: Loan amount (PV) = $ 63000 Annual interest rate  = 12% Monthly interest rate (R) = 12%/12 = 1%…

Q: If you borrow S20 000 as a five-year loan from the bank and the bank requires you to make…

A:

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: Find the annual simple interest rate of a loan, where $200 is borrowed and where $218 is repaid at…

A: Interest rate =( Interest / amount ) *(1/time)

Q: Find the effective interest rate for a loan for four years compounded semiannually at an annual rate…

A: Effective Interest rate is rate effectively we are paying on a loan on annual basis when compounding…

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: 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: Ross Land has a loan of $8,500 compounded quarterly for four years at 4%. What is the effective…

A: Effective rate of Interest-The effective rate means the actual rate of interest which is accrued on…

Q: What is the monthly payment to repay a 10 year loan of $200,000 at a nominal rate of 15% per year if…

A: For this solution we need to consider the quarterly interest rate and quarter period and calculate…

Q: A loan of $1500 is to be repaid by annual payments of $250 to commence at the end of the fifth year…

A: Loan balance at 5th year = Present value*(1+rate)^years Loan balance at 5th year = $1,500 * (1+5%)^4…

Q: If you borrow $2,400 and agree to repay the loan in four equal annual payments at an interest rate…

A: Given information: Borrowed amount $2,400 Interest rate is 10% Number of periods 4 equal annual…

Q: What is the size of the payments that must be deposited at the beginning of each 6-month period in…

A: The concept of the time value of money states that the current worth of money is more than its value…

Q: What would be the interest rate on a loan of $9476.97 that you paid off with annual payments of…

A: A loan simply refers to the amount borrowed from a lender. The lender in such a scenario might be a…

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

A: Solution:- Rate per period ie, “i” refers to the annual rate divided by the number of compounding in…

Q: A loan of R40 000 is granted at an interest rate of 18% pa compounded monthly. In order to amortize…

A: A loan amortization schedule is a schedule with the bifurcation of interest paid per installment,…

Q: For a short-term cash requirement of $ 85,000, a 12-month term loan with equal installments will be…

A: Loan Amount = 85,000 Monthly Interest Rate = 1.75% Time Period = 12 months Monthly Payment = [Loan…

Q: What is the size of 8 equal annual payments to repay a loan of $1,000? The first payment is due one…

A: Present Value of annuity refers to the present value of all the future payments of and series of…

Q: Month-end payments of $1,410 are made to settle a loan of $119,660 in 8 years. What is the effective…

A: Data given:  Loan amount =$ 119,660 Month end payment = $ 1410 n=8 years   Required: Effective…

Q: What payment is required at the end of each year for 8 years to repay a loan of $2,580.00 at 5%…

A: Solution:- When a loan is taken, it can either be repaid by paying a lump sum amount at maturity or…