What is the compound amount when $6400 is deposited in an account earning an interest rate of 6%, compounded quarterly, for 5 years if every end of each year $1200 Is added? 2. To help pay for a new truck, you borrow $25,500 and agree to repay the loan in 4 years at 9.5% interest, compounded monthly. a. What is the maturity value of the loan? b. How much interest are you paying on the loan?

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: $5000 that you have to pay in 7 annual installments of $1100 each, the first one at the end of the…

A: The given problem relates to RATE function in excel. RATE function computes interest rate for no. of…

Q: Today, a businessman borrowed money to be paid in 10 equal quarterly payments starting at the end 2…

A: Quarterly payment (P) = P 2000 Annual interest rate = 10% Quarterly interest rate (r) = 10%/4 =…

Q: Six years ago you acquired a 15-year loan of $140,400, charging 3.4% annual interest, compounded…

A: monthly payment formula: pmt=p×rm1-1+rm-m×n where,  p = principal r = rate of interest m = frequency…

Q: a) What is the maturity value of the loan? (b) How much interest are you paying on the loan?

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A: In case of loan payments a fixed amount is paid in each period. While the amount of each payment…

Q: Suppose you borrowe9 $12,000 at an interest rate of 8%, compounded monthly over 36 months. At the…

A: Computation:

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

Q: Suppose you borrowed Php 30,000 on a student loan at a rate of 8% and must repay it in three (3)…

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

Q: 3. A 10,000 loan is taken out and the interest rate is 8 percent effective. Payments are made on the…

A: GIVEN, Loan is taken  - $10000            Interest rate  - 8% Paayment is to be completed in 10…

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

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: years ago you acquired a 15-year loan of $180,300, charging 4.5% annual interest, compounded…

A: Monthly payment when interest rate was 4.5%: $1,379.28 Calculation: Loan payment…

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: Van Buren Resources Inc. is considering borrowing $100,000 for 202 days from its bank. Van Buren…

A: Given:Borrowing amount=$1000000 for 202 daysPayable amount $3000 of interest at maturityRepaid…

Q: A borrower had a loan of $30,000.00 at 6% compounded annually, with 6 annual payments. Suppose the…

A: Given, Loan amount = $30,000 Rate of Interest = 6% Tenure = 6 years

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

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Q: What is the amount of each payment if Plascote Industries borrows $32,600, at  an annual interest of…

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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 have borrowed 5,000,000 from a bank with 5% interest rate for 4 years. Show the…

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Q: you are taking a $100,000 mortgage loan for your business to be repaid over 5 years in equal…

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Q: A loan is to be repaid quarterly for 5 years that will start at the end of 2 years. If interest rate…

A: Given Information: Quarterly payment = 10,000 Annual interest rate = 6% Number of years payment made…

Q: You invest $5,000 into a money market account that pays interest monthly (e.g., interest is…

A: Future Value = Present Value * (1+r)^n Where, n = no. of compounding period i.e. 3 years * 12 = 36 r…

Q: A business received a for year $2,000,000 loan at an interest rate of 7% per year. The principal is…

A: NPV means PV of amount which is receive or pay in future. NPV can be find by using discounting rate…

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Q: You borrow $10,000 at 8% for 4 years. The loan is repayable in four equal instalments at year end.…

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Q: A loan is to be repaid quarterly for 14 years that will start at the end of 4 years. If the interest…

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Q: Acme Industries Ltd. borrowed $50,000 and amortized the loan over 10 years at a rate of j1=8.00%.…

A: Monthly payments refers to the periodic payment of repayment of a loan. Monthly payments includes…

Q: An amount equal to $50,000 is borrowed at 7% annual compound interest.a. What size equal annual…

A: Given information: Amount borrowed is $50,000 Interest rate is 7% Number of payments is 5

Q: What monthly payment is required to pay off a $40,000 loan in seven years if the interest rate is…

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Q: years ago, you acquired a 25-year loan of $190,200, charging 6.3% annual interest, compounded…

A: Note: No intermediate round is done in the solution. Initial loan amount = $190200 Number of years…

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

A: Closing Balnace = Opening Balance + Interest @ 0.31% - Monthly Installments

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Q: A loan of $20,000 has a stated interest rate of 5 percent per year. Repayment of principal and all…

A: Loan amount = $20,000 Interest rate = 5% Time period = 10 years

Q: 1.A cash loan is to be reapid by paying 13,500 php quarterly for 3 years starting the ened of 4…

A: 1) Quarterly payment (Q) = Php 13500 n = 3 years = 12 quarters First payment starts at the end of 4…

Q: A loan is to be repaid quarterly for 9 years that will start at the end of 4 years. If the interest…

A: Quarterly payment (Q) = 10000 First payment starts after 16 quarters. Number of payments (n) = 36…

Q: You borrow $6000 to help pay your college expenses. You agree to repay the loan at the end of 8…

A: Compound interest is the interest that is compounded on both principal amount and interest. Compound…

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: Consider a loan of 800,000 which is to be amortized by 60 monthly payments. The interest rate is 12%…

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Q: What is the size of eight equal annual payments to repay a loan of$1,000? The first payment is due…

A: PV = 1000 FV = 0 rate = 10% N = 8 use PMT function in Excel

Q: A loan is to be repaid quarterly for 10 years that will start at the end of 4 years. If the interest…

A: A loan is a sort of debt that is taken on by an individual or another institution. The lender, which…

Q: Calculate the effective annual interest rate being charged for the loan.

A: Effective Annual Interest Rate EAR = (1+in)n -1 where: i=Nominal interest rate n=Number of periods​…