Suppose you borrowe9 $12,000 at an interest rate of 8%, compounded monthly over 36 months. At the end of the first year (after 12 payments), you want to negotiate with the bank to pay off the remainder of the Joan in eight equal quarterly payments. What is the amount of this quarterly payment, if the interest rate and compounding frequency remain the same?

Q: A cash loan is to be repaid by paying $13,500 at the beginning of every month for 3 years. If…

A: Here, Monthly payment = $13,500 Number of years = 3 years Interest rate = 12% Payment at the…

Q: In 9 years, Rollo Company will have to repay a $100,000 loan. Assume a 6% interest rate compounded…

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

Q: One year from today you must make a payment of $13,000. To prepare for this payment, you plan to…

A: A periodic payment is the set of payments that a borrower makes to the lender or the deposits that…

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 you lend ​$11,500 to a friend at an APR of 10.00​%. Your friend will pay you back beginning…

A: The periodic payment can be made monthly, quarterly, semi-annually or annually. Periodic payment is…

Q: calculate the amount of payments

A: Payments: Payments are the amounts that are used to settle the borrowings from any financial or…

Q: What is the present equivalent of a uniform series of quarterly payments of $4,500 each for four…

A: Annual interest rate = 8% Number of compounding per year = 6 Effective annual rate = (1+0.08/6)6-1…

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: You deposit 54000 in an account that pays 6% interest compounded semiannually After 4 years the…

A: First, calculate value after 4 years:  Future Value (End of 4 years)=Deposit×1+Interest…

Q: Suppose that you borrow $8,000 now, promising to repay the loan principal plus accumulated interest…

A: The future value of an amount is the future worth of an amount calculated based on the time value…

Q: a customer invests IDR 20 million in the money market and earns 12% compound interest How much money…

A: The addition of interest to the principal sum of a loan or deposit is known as compound interest. It…

Q: Suppose an individual makes an initial investment of $2,600 in an account that earns 7.8%,…

A: Here, Initial Investment is $2,600 Interest Rate is 7.8% Compounding period for deposit and…

Q: You borrow $10,000 at 14 percent compound annual interest for four years. The loan is repayable in…

A: Loan Amount = 10,000 Interest Rate = 14% Annual Compounding Time Period = 4 years End of year…

Q: uppose that one has a bank loan for P15,584.48, which is to be repaid in equal end-of-month…

A: In this we need to calculate present value factor and from that you will get monthly payment.

Q: You will deposit $2,000 per year for the next 10 years. Then, you will start drawing money out of…

A: Future value is the value of the present cash flows in future. Investor will deposit same equal…

Q: Suppose an individual makes an initial investment of $1,600 in an account that earns 8.4%,…

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

Q: An accountant wants to withdraw $30,000 from an investment at the beginning of each quarter for the…

A: Time value money is the concept widely used by the management and individual to determine the…

Q: Assume you have secured a loan of $10,000 from a bank which will be paid in one year. The fin bank…

A: Loan: The duration of a loan, or the amount of time it takes for a loan to be repaid in full when…

Q: f K40, 000 is deposited at the end of each half year in an account that earns 6.2%  compounded…

A: Comment - Multiple Questions Asked Interest  It is the amount that the borrower must pay in order to…

Q: If you borrow $29834 with an annual rate of 12% compounded monthly and make a payment of $403 every…

A: The borrowing is the amount that is borrowed by the person, a company from any of the financials…

Q: How much interest is payable each year on a loan of $4,000 if the interest rate is 10% (simple…

A: Following is the answer to the given questions

Q: Suppose that you can pay 15,000,000 VND per month for the next 30 years. What is the largest loan…

A: The present value is the value of the sum received at time 0. It is the current value of the sum…

Q: Hamilton wants to accumulate ₺ 24.000 at the end of 4 years. It starts quarterly payments in a bank…

A: Amount at the end of 4 years = 24000 Years = 4 Terms(n) = 4 *4 = 16 quarterly deposits Rate (r) = 6%…

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: 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: Suppose you deposit $4,000 at the end of each quarter for five years at an interest rate of 8%…

A: Given: The deposited amount is $4,000 for five years The interest rate is 8% Deposited quarterly…

Q: If you borrow $10,000 over three years at 10% annual interest, what is the interestpayment in the…

A: Given Loan Amount =$10,000 Annual Interest Rate =10% Annual Payment =$4021.15

Q: John Johnson borrowed $15,550 from a bank for three years. If the quoted rate (APR) is 5.20 percent,…

A: In the given question we need to compute the effective annual interest rate (EAR) if the nominal…

Q: You plan to make 15 annual deposits in a saving account that pays 6% interest compounded annually.…

A: Future Value = Present Value * (1+r)^nWhere,r = rate of interest per periodn = no. of compounding…

Q: Suppose an investor plans to make monthly deposits into an account that pays 9% interest, compounded…

A: We will first calculate the amount needed to pay on a monthly basis so we will take the period as…

Q: If you make quarterly deposits of $1000 for 15 years into an account that compounds interest at 1.5%…

A: Quaterly deposit is $1000 Time period is 15 years Interest rate is 1.5%   To Find: Future Value

Q: Tedros borrowed $2 million and planned to repay the loan by making equal month-end payments over a…

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

Q: If $0,000 per quarter is invested in an account that eams a nominal annual interest rate of 9%…

A: The amount in the account at the end of the 6 years is the future value. The nominal annual rate…

Q: How much mu Company pay each period to have \$100000 at the end of 9 years? (Round your answer to…

A: Information Provided: Loan amount = $100,000 Interest rate = 6% compounded quarterly Term = 9 years…

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: Suppose that $ 1,500 is placed into a bank account at the end of each month over the next 8 years.…

A: Annuity refers to the fixed periodic payments which are paid monthly, quarterly, semi-annually or…

Q: Suppose that you start a savings account today with $ 265,000.00, from which you will make a single…

A: Since there are multiple questions As per company policy it is only possible to solve  one question.…

Q: Suppose that you deposit $750 into a bank account today. If the bank pays 8 percent APR per year,…

A:

Q: Assume  you have secured a loan of $10,000 from a bank  which will be paid in one year. The fin bank…

A: A loan is an agreement where an amount is forwarded with the promise to pay it back along with some…

Q: Suppose you borrowed $ 15 000 at 8% monthly interest to repay it in monthly installments over 4…

A: Present value is the sum of money that must be invested in order to achieve a specific future goal.…

Q: Suppose that you are about to borrow $10,000 from a bank. Suppose you will be repaying using…

A: Bank charges interest rate when you borrow money and these are to be paid equal annual payment or…

Q: Suppose you run up a debt of $300 on a credit cardthat charges an annual rate of 12 percent,…

A: Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other…

Q: A recent graduate's student loans total $17,000. If these loans are at 5%, compounded quarterly, for…

A: Given: Loan amount = $17,000 Interest rate = 5% Years = 8