If P dollars is borrowed at a rate or r per year to be paid back in t years, the monthly payment (n=12) is given by the formula A =((r/n)P)/ (1 − (1 + r/n)−nt 450, 000.00 is borrowed to buy a house. The annual interest rate is 7.04%. Whatis the monthly payment if the term of this transaction is 30 years.

Q: Consider a loan of 1,000,000 which is to be amortized by 60 monthly payments. The interest rate is…

A: Loan (mortgage) amortization schedule refers to a schedule which is prepared to shows the periodic…

Q: You are considering taking out a loan of $6,000.00 that will be paid back over 11 years with…

A: Loan amount (L) = $6000 Quarterly payment (Q) = $185.41 r = 5.8% per annum = 1.45% per quarter

Q: Suppose a $18,186 loan has an annual compound interest rate of 2.2% with semi-annual compounding…

A: In this question we need to calculate the Future value of the loan from details given as follows:…

Q: A debt of $4000 due now is to be repaid by a payment of $1,000 in 1 year, a payment of $2,000 in 3…

A: Total debt =$4000 interest rate =6% First payment $1000 in one year  Second payment $2000 in three…

Q: What is the payment for a loan of $320000 with an interest rate of 8.13% compounded monthly for 6…

A: using financial calculator to solve the monthly payment

Q: If you borrowed $2400 at an annual simple interest rate of 5.75%, how much would you owe altogether…

A: Interest on loan=Amount Borrowed×Rate×Years=$2,400×5.75%×3.5=$483

Q: A firm is scheduled to receive payment of $32,000 in 2 years. What is the present value of this…

A: To calculate the present value we will use the below formula   Present value = FV/[1+(r/m)]n*m Where…

Q: Suppose payments were made at the end of each month into an ordinary annuity earning interest at the…

A: Future value of an annuity is $55000 Annual interest rate is 5.5% per year compounded monthly Time…

Q: at period of time could you pay back a loan of $3000 by making monthly payments of $110 if interest…

A: Loans are paid by the equal amount of monthly payments these payments carry the payment of principal…

Q: If $82,000 is invested in an annuity that earns 5.8%, compounded quarterly, what payments will it…

A: Present value (PV) of the investment is $82,000, which would earn an interest rate (r) of 5.8%…

Q: How much interest is payable each year on a loan of P2,000 if the interest rate is 10% simple…

A: Interest means the extra amount which we received because of investment made and will be paid in…

Q: Suppose payments were made at the end of each month into an ordinary annuity earning interest at the…

A: In the given problem, the future value of the annuity is given which is $70,000 Time is 14 years…

Q: If $84,000 is invested in an annuity that earns 5.2%, compounded quarterly, what payments will it…

A: Investment (PV) = $84000 Interest rate = 5.2% Quarterly interest rate (r) = 5.2%/4 = 1.30% Period =…

Q: Using the formula for an annuity, what would be the monthly payments on a 5-year fixed-rate car loan…

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

Q: a) Payment of $5,000 per year for 6 years will repay an original loan of $25,000? b) Thirty-six…

A: Future Value = Present value ( 1 + i )n

Q: A loan of £4,000 is to be repaid over 5 years by a level annuity payable monthly in arrears. The…

A: To Find: Monthly payment Capital repaid and interest paid in first and lst month Loan repaid after…

Q: Ferris Bueller has borrowed from the Ferrari Bank at a rate of 7% and will repay the laon with…

A: The current worth of the cash flows or an asset after discounting is termed as the present value.

Q: You are considering taking out a loan of $14,000.00 that will be paid back over 8 years with monthly…

A: Equity in a home refers to how much of that home's value a person has already invested in it.

Q: How large must each annual payment be if the loan is for $60,000? Assume that the interest rate…

A: Given: Loan = $60,000 Interest rate = 12% Year = 5

Q: If $86,000 is invested in an annuity that earns 5.6%, compounded quarterly, what payments will it…

A: A study that proves that the future worth of the money is lower than its current value due to…

Q: If a firm borrowed $500,000 at a rate of 10% simple interest withmonthly interest payments and a…

A: Given data; Principal amount = $500,000 interest rate = 10%   First we will calculate interest…

Q: You borrow $1,000,000 at 3% compounded semi-annually and will pay it off over bi-weekly (every two…

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

Q: A bank deposit of P10,000 earns 3.5% pa compounded quarterly. If inflation is at 5% per year, what…

A: Future value can be referred to as the value of an underlying asset or security at a future date.…

Q: Assume a firm makes a $2,500 deposir into its money market account. If this account is currently…

A: Future value Function in excel

Q: what would be the required interest payment for a 30-day mont

A: Hi student ! Requirement is assumed.

Q: If a firm borrowed $500,000 at a rate of 10% simple interest with monthly interestpayments and a…

A:

Q: Assume you make monthly deposits of $200 starting 1 month from now into an account that pays 6% per…

A: The interest rate is compounded semi-annually which means the interest rate will be 3% (6%/2) for…

Q: A piece of machinery can be bought for P10,000 cash or for P2,000 down and 20,000 at the end of 15…

A: Present Value refers to the value of cash flows today which is to be received at some future time…

Q: A loan is to be repaid quarterly for 10 years that will start at the end of 3 years. If the interest…

A: Given information: Interest rate : 3% converted quarterly Time period : 10 years Quarterly payment :…

Q: A loan taken from Riyadh Bank; needs to be paid off, in N years. If the loan is equal to 40…

A: Let the identical payments be x. so the loan value will be 40x. It is given that the interest rate…

Q: A loan of P50,000 is to be amortized by paying quarterly in 1 year. If money is worth 10% compounded…

A: Quarterly payment = Q Loan amount (L) = P 50000 r = 10% per annum = 2.5% per quarter n = 1 year = 4…

Q: will we owe more or less than $200,000 (half the original loan amount)?

A: Loan Amount: It represents the credit taken by the borrower from the lender. The borrower makes…

Q: Suppose payments were made at the end of each month into an ordinary annuity earning interest at the…

A: Using excel PMT function

Q: You borrow $1,000,000 at 3% compounded semi-annually and will pay it off over bi-weekly (every two…

A: Installment is equal periodic payments a borrower pays in order to pay back his loan over a period…

Q: What is the accumulated value after five years of payments of $20000 made at the beginning of each…

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

Q: Suppose payments were made at the end of each month into an ordinary annuity earning interest at the…

A: Annuity means number of payments made at equal interval of time and equal in size. Ordinary annuity…

Q: Suppose payments were made at the end of each month into an ordinary annuity earning interest at the…

A: Future value of annuity = P * [ (1+r)^n  - 1 ] /r  Where, r= rate of interest i.e. 9%/12 = 0.75% or…

Q: If $87,000 is invested in an annuity that earns 5.6%, compounded quarterly, what payments will it…

A: The interest rate is 5.6%, compounded quarterly. Interest rate per quarter is (5.6% ÷ 4) = 1.4%. The…

Q: You have borrowed $60,000 at an interest rate of10.5%. Equal payments will be made over a…

A: A series of fixed payments that are paid or received at an equal time interval is term as the…

Q: For an interest rate of 12% compounded annually, determine the following: (a) How much can be lent…

A: Present value is calculated by discounting the future cash flow at the given discount rate. While,…

Q: A man borrowed P20000 and promised to pay P35000 at the end of 5yrs. If interest is compounded…

A: Borrowed amount (P) = P 20000 Promised amount to be paid (F) = P 35000 n = 5 years = 10 semiannual…

Q: If the sum of P12,000.00 is deposited in an account earning interest rate of 9% compounded…

A: Future Value: The future value is the amount that will be received at the end of a certain period.…

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: You borrow $150,000 with a 20-year term at a9.3% (APR) variable rate and the interest rate can…

A: A mortgage is a debt instrument, secured by the collateral of specified real estate property, that…

Q: What is the compound amount when $6400 is deposited in an account earning an interest rate of 6%,…

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