Karl borrows $200,000 and agrees to pay the principal and interest by making equal payments at the end of every 6 months for 4 years. Find his semi annual payments if the lender charges 12% compounded semi annually.
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- If Bergen Air Systems takes out a $100,000 loan, with eight equal principal payments due over the next eight years, how much will be accounted for as a current portion of a noncurrent note payable each year?On January 1, 2019, Kunto, a cash basis taxpayer, pays 46,228 for a 24-month certificate. The certificate is priced to yield 4% (the effective interest rate) with interest compounded annually. No interest is paid until maturity, when Kunto receives 50,000. In your computations: a. Compute Kuntos gross income from the certificate for 2019. b. Compute Kuntos gross income from the certificate for 2020. Round any amounts to the nearest dollar.Karl borrows P200,000 and agrees to pay the principal and interest by making equal payments at the end of every 6 months for 4 years. Find his semi annual payments if the lender charges 12% compounded semi annually.
- AtoHayle borrowed birr 200,000 at 6% compounded monthly for 30 years, and agree to repay the loan in 360 equal monthly installments including all interests due. Suppose that immediately after the 24th payment AtoHayle decides to increase the monthly payment by birr 600 per month. How many more payments must be made?How much would this save over the life of the loan?How much is the total payment made over the entire period?How much interest is paid over the entire period?Gladys borrows ₱ 400,000.00 at an interest rate of 4% per year compounded semi- annually. She agreed to settle her loan by making 12 semi-annual payments at the end of each six months. If the first payment is made at the end of 2 years, compute the periodic payment.Sally borrows $25,000 for a loan, and she repays the loan by making quarterly end-of-quarter payments of $650 for 15 years. What is her loan's nominal rate of interest compounded quarterly?
- Joyce pays P 2,000 every two months to settle his obligations for two years at 8% compounded bimonthly. Find the present value of the loan.In purchasing a lot, Jason agrees to pay $10,000 cash and $5,000 at the end of each three months for twenty years to discharge completely all requirements for principal and interest at the rate of 12% compounded quarterly. Find the Present Value of the Debt on the before any payment is made?John borrows $15000 for 5 years at an annual effective interest rate of %9. At the end of each year she pays the lender $1000 and deposits a level amount necessary to repay the loan in full after 5 years into a sinking fund that earns an annual effective interest rate of %4. Determine the total annual payment that John makes.
- AtoHayle borrowed birr 200,000 at 6% compounded monthly for 30 years, and agree to repay the loan in 360 equal monthly installments including all interests due. Suppose that immediately after the 24th payment AtoHayle decides to increase the monthly payment by birr 600 per month.How much is the total payment for the first 24th periodic payments?Formulate loan amortization schedule for the first year.Find the unpaid balance immediately after the 24th payment.How many more payments must be made?How much would this save over the life of the loan?How much is the total payment made over the entire period?How much interest is paid over the entire period?Lino borrows ₱600,000 with interest at 14% compounded quarterly. He agrees to settle this obligation by a sequence of equal quarterly installments with the first one due at the end of 4 ½ years and the last at the end of 9 years. Find the installment payment.Victoria buys a property for $2,500,000 by paying $500,000 down payment and the rest on a 15-year credit with a 12% annual capitalizable interest rate each month. How much of the 55th payment is used to cover interest?
