new car, Nicole is taking out a S34,000 amortized loan for n the amortization schedule for the loan. Assume that each Principal payment New loan balance Interest payment $104.91 $455.36 $21,250.60 ... %24 ...

Q: Lexi took out a loan from a loan shark with an interest rate of 5% bi- monthly, compounded…

A: Let the principal = X Loan amount after 1 year (Y) = $14147.19 Interest rate = 5% bimonthly…

Q: 6. Isaac borrowed RM25,000 for his college expenses and he agreed to settle the loan in 108 monthly…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: The company purchased the equipment 600,000. The interest rate of bank is 12,400. The loan is…

A: The correct answer is  Option c. OMR 31,000

Q: Problem: Carl borrowed an amount of money from Carmen. He agrees to pay the principal plus interest…

A: Requirement : Answer to Question 8 only Interest Rate = 8% Compounded Quarterly.

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A: Loan Repayment: A loan once taken can be  repaid either by  making constant periodic payments…

Q: Andrew borrowed PhP 25,000.00 and agrees to repay the loan by level monthly installments for 10…

A:

Q: 57. Stuart pays back two student loans over a 4-yr period. One loan charges the equivalent of 3%…

A: A simple interest charges an equal amount of interest on the face value of the loan. The total…

Q: Marigold browws A from a bank at a norminal rate of B percent compounded monthly to be repaid in 1…

A: A loan is a debt that is borrowed by one person from another and promises to pay a periodic finance…

Q: 1. Your brother borrowed from your neighbor P7,000 to buy a new mobile phone. The neighbor charged…

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Q: a gets a 5 year, $10,000 car loan with montly payments at 6% APR.  What is the amount of his monthly…

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A: First of all, we will have to find the loan amount. For that we will use the present value of…

Q: Prepare an amortization schedule for the first 2 payments of a $99,000 mortgage at 3% for 20 years.…

A: The question is based on the concept of Financial Accounting.

Q: Bahk, S), using thls As one or mont principal Term Annual Amount Interest Monthly Annual Monthly of…

A: Here the interest rate is 9.50% and the loan term is 25 years. In the given table we look at the…

Q: Problem: Carl borrowed an amount of money from Carmen. He agrees to pay the principal plus interest…

A: An annuity is the periodic payments made by a person for a certain period of time on a loan taken.…

Q: Angela's Riunning Store borrowed S12,000 ón June Ist át å sifmple repay the loan with payments of…

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Q: borrowing the remaining $800,000 with a 6 percent loan secured by the home. The Sanchezes made in…

A: The income statement includes a complete description of all key expenses, including interest.…

Q: Miss S. Torres borrowed P65,450.00 from a savings and loan association that charges 6.73% simple…

A: The Simple Interest for a loan is paid on amount lent as ₱65,450. The interest amount for each…

Q: Donald received a loan of $22,000 at 3.25% compounded monthly. She had to make payments at the end…

A: Using excel PMT to calculate the size of the payment

Q: 7. Michael deposited and mvested P 200,000 for 2 years at 6 interest compounded quarterly. How much…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: Suzanne and Garth have arranged to borrow a $425,000 mortgage loan at 2.75% per annum, compounded…

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

Q: P15,000 P20,000

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Q: What is the interest paid in the 2nd year of the mortgage?

A: Mortgage refers to a legal contract based upon which a financial institution such as bank grants a…

Q: 12. Bert and Ernie borrowed $6000 to buy Big Bird a new nest. They made quarterly payments of…

A: Payment No. Principal Portion ($) Interest Portion ($) Total Payment ($) Balance ($) 0 --- --- ---…

Q: 40: Albert borrowed P180 000 to be repaid with equal quarterly pay interest rate of 9% compounded…

A: REMAINING LOAN BALANCE FORMULA: remaining loan balance = loan amount×1+rn-regular payment ×1+rn-1r…

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A: In this we have to determine the future value using formula.

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A: The loan instalment includes both principal repayment and interest amount.

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A: Loan is contract between lender & borrower where lender provide funds to borrower for definite…

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A: The monthly amount will be found using excel’s PMT function. It is the minimum amount that must be…

Q: Which functions denotes the value of a car loan that accrues 18% annual simple interest for t years?…

A: Simple Interest is the interest on the principal amount at a certain annual rate, which remains the…

Q: A man loans P187,400 from a bank with 5% compounded annually. He agrees to pay his obligations by…

A: Loan amount = P 187,400 Annual interest rate  (R) = 5% Number of annual payment (N) = 8 First…

Q: To help purchase his new car, Alonzo is taking out a $23,000 amortized loan for 6 years at 6.1%…

A: An amortization schedule shows periodic loan payments of principal and the amount of interest until…

Q: A. borrowed $4497.00 compounded quarterly to help finance her education. She contracted to repay the…

A: using financial calculator, Insert I/Y =rate per period i.e. 8%/4 = 2 PMT = -255 PV =4497  FV = 0…

Q: Valerie refinanced her home loan. The new loan of $103,000.00 has an interest rate of 5.9%…

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Q: When Albertina opened her law office, she bought $19,000 worth of law books and $6500 worth of…

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Q: 1. On January  1,  2008, Gabe borrowed P12,000 and agreed to repay it with P4,473.60 interest. If…

A: Here amount borrowed  = 12,000 and interest amount = 4473.60

Q: Laura received a 15 year loan of $245,000 to purchase an RV. The interest rate on the loan was 4.10%…

A: Price of RV  $         2,45,000.00 Time Period 15 Interest Rate 4.10% Lumsum at end of every 4…

Q: Mr. Aragon loans P200,000 from a bank with interest at 6% compounded annually. He agrees to pay his…

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Q: b) Ameena borrowed a certain sum of money from a financial institution that charged 4.5% compounded…

A: Monthly payment (a) = RM725 Monthly interest rate (r) = 0.00375 (i.e. 0.045 / 12) Monthly period (n)…

Q: 1. Mrs. Natividad paid P5,380 on a loan made in 6 months at 8% simple interest. Find the original…

A: Simple interest is that form of interest under which interest is only charged on the principal…

Q: . Faith is taking out an $7,500, 1½-year loan with an APR of 8.75%. What is the monthly payment for…

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A: The accounting equation states that assets equal to sum of liabilities and equity.

Q: Rahma borrowed OMR 600 at the rate of 12% from Bank Dhofar for 6 years. Find the interest she will…

A: Interest expense is usually a non-operating expense which an entity has to pay on loans, bonds etc.

Q: Mark takes out a loan for $20,000. The loan has 2% interest rate and a 2.5% APR. Complete the…

A: The sum of the interest plus fees on this loan = Loan Amount * APR

Measuring Your Credit Capacity

Credit capacity means determining one’s ability to manage credit. The credit capacity of the individual or an organization is measured based on the details of the earnings, expenses, and previous debts. Credit capacity valuation is crucially required in obtaining huge debt obligations from a lender such as housing loans, car loans, and business loans.