The interest rate on the loan shown in the table below is 4% compounded monthly. How much of the second payment is interest towards the loan? Principal Paid ($) Payment Period Payment Balance ($) (month) ($) 35 000 1 750 633.33 34 366.67 750 635.44 33 731.23 3 750 637.56 33 093.67 $116.67 $114.56 $112,44 $343.67 Jonah makes 36 quarterly payments to pay off a car loan. What was the term of the loan? O 12 years 3 years O 18 years O 9 years

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A: Future value of Annuity Due = P1+rn-11+rr ; where P- Periodic payment ; r - rate per period and…

Q: iv) Use your formula to determine the monthly payments at the beginning of each month on a $15 000…

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A: Explained below

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Q: Find the value of the ordinary annuity at the end of the indicated time period. The payment​ R,…

A: payment amount=$800monthlyinterest rate=8.5%time, 3 years

Q: Find the value of the ordinary annuity at the end of the indicated time period. The payment​ R,…

A: given  p=800 n=12(monthly) t= 4 years r=3%=(3/100)=0.03

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A: Given information Amount at end of each=$25,000 Payment at end of each quarter Time=5 years Rate of…

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Q: Determine the annual interest rate for the loan below. Time Future Value Present Value $950…

A: The future value(F) of an amount having a present value of $P , with a interest rate of r%…

Q: 5. Andy plans to have a fixed amount from his paycheck directly deposited into an account that pays…

A: Present value = R× future value/ {1-(1+R) -n } Where, R= rate per month n= number of month

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A:

Q: For the compound interest loan whose terms are given below, find the future value, or the amount due…

A: calculation of future value are as follows

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A:

Q: periodic deposit.

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A: Solution :-

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Q: you want to buy a $14,000 car. The company is offering a 5% interest compounded monthly for 60…

A: Write the loan formula and put the all given information and simply solve for the monthly payment.

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A: NOTE: Refresh your page if you can't see any equations. . here we have  PMT=532.76 n=2 for…

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Q: You have taken a loan of $76,000.00 for 24 years at 3.6% compounded quarterly. Fill in the table…

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A: given that, P0=12000r=8100=0.08k=4n=4 a. Let R be the periodic payment.…

Q: You have taken a loan of $7,000.00 for 4 years at 3.1% compounded monthly. Fill in the table below…

A: Solution of the problem as follows

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Q: A house costs $185,000. The terms of the sale are 20% down and the remainder to be paid in monthly…

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Q: Prime Real Estate plans to raise $725,000 over a 4-year period so they can purchase a piece of heavy…

A: Here we solve the given problem of Algebra.

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A: Given, Future ValueF.v.=$22000rater=8%t=6 yearsn=6×4=24  The formula for finding future value is,…

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Q: For the compound interest loan whose terms are given below, find the future value, or the amount due…

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Q: Find the future value of the following annuity due. Assume that interest is compounded annually,…

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Q: Suppose that you earned a bachelor's degree and now you're teaching middle school. The school…

A: The formula for future value of an annuity is…

Q: The price of a new car is $12,000. Assume that an individual makes a down payment of 25% toward the…

A: Given: The price of new car = $12000 Down payment = 25%

Q: A company establishes a sinking fund for upgrading office equipment with monthly payments of $1,000…

A: