Your business requests a 3-month loan for 550,000. What will be the interest paid at the d of the term if the business risk percentage is assessed at 2.2% and LIBOR is at 1.8%? interest paid = $ [ ?] %3D Round to the nearest hundredth. Enter

Q: how much should you put in an investmenr paying a simple loan of 5% if you needed $4000 in eighteen…

A: According to question,Given data,Rate of Interestr = 5%Simple interest = $4000Time = 18 Months

Q: Find the effective annual yield to the nearest hundredth of a percent for an account paying 2%…

A: For compounded monthly, n=12

Q: If Tanya's husband were to die, she and her children could live on $60,400 per year. Tanya makes…

A: Total income earned= 33,100+21,500 =$35600

Q: If a business borrows $12,700 and repays $22,225 in 5 years,what is the simple interest rate?

A: Simple interest formula for an amount of P for an interest rate r% of t years is given by the…

Q: With a present value of $130,000, what is the size of the withdrawals that can be made at the end of…

A:

Q: American General offers a 12 year annuity with a guaranteed rate of 6.47% compounded annually. How…

A: solution

Q: Jane agrees to buy a car for a down payment of $2000 and payments of $220 per month for 3 years. If…

A: Given:

Q: A bond with a face value of $4000 and a 3.8% coupon has a 5-year maturity. Find the annual interest…

A: Given: Face value (P) = $ 4000 Interest rate (r) = 3.8%

Q: A man buys a car for $20,000. If the interest rate on his loan is 12% compounded monthly, and if he…

A: NOTE: Refresh your page if you can't see any equations. . here we have PMT=500 t=36 months…

Q: A debt of $7000 is to be amortized with 8 equal semiannual payments. If the interest rate is 10%,…

A: The amortization formula is given by R=P i1-(1+i)-n where R is the periodic payment for the borrowed…

Q: OHaganBooks.com is seeking a $260,000 loan to finance its continuing losses. One of the best deals…

A: Solve for yhe monthly payment

Q: For items 6-7. Mrs Shiirley Abundo borrowed 20, 000.00 at 7.5% compounded quarterly certain…

A: We will use the concept of compound interest to solve this problem.

Q: A child’s grandparents are considering buying a $40,000 face-value, zero-coupon bond at birth so…

A: A child’s grandparents are considering buying a $40,000 face-value, zero-coupon bond at birth so…

Q: Olivia was receiving rental payments of $2,000 at the beginning of every month from the tenants of…

A:

Q: If you borrow $29,000 at 8.4% annual simple interest for 11 years, how much must you repay at the…

A: use formula written below

Q: Determine the present value now of an investment of $3,000 made one year from now and an additional…

A:

Q: For a loan of $14,000 at 4.00% paid monthly over 60 months, how much principal is paid off half-way…

A: It is given thatLoan amount=$14,000Rate of interest per month=4%Time=60months 5yearsTo find:1…

Q: Jasica Parker would like to have $95,000 to buy a new car in 6 years. To accumulate $95,000 in 6…

A: Given data: Amount Jessica would like to have=$95,000 Number of years =6 Annual rate of interest of…

Q: A debt of $9000 is to be amortized with 10 equal semiannual payments. If the interest rate is 5%,…

A: Note that, here P = $9000, r = 0.05, and t = 5 years (since 10 equal semiannual payments).…

Q: The Jones want to save $51,000.00 in 2 years for a down payment on a house. If they make monthly…

A: FV=PMT1+rnnt-1rn FV=51000 t=2 years r=3%=0.03 n=12 for a monthly payment

Q: 3. Lucy takes out a car loan for BD 60000 at an interest rate of 12% simple interest. If a principal…

A: Let us solve the given interest related problem in the next step.

Q: Basim borrows OMR 3580 for 4 months at a simple interest rate of 6% per year.Determine proceeds. -…

A:

Q: If John wants to retire with $10,000 per month, how much principal is necessary to generate this…

A: The principal amount is::

Q: Suppose your bank has a minimum interest policy for single-payment loans of $60. Using ordinary…

A:

Q: When must an obligation of P3,483 be made  to extinguish a loan of P3,000 which bears interest at 4%…

A: Let x be the number of days after which an obligation of P3,483 is to be made to extinguish a loan…

Q: How much will need to be paid in full on a loan of $2200, at a rate of 4.2% simple interest for 6…

A:

Q: What would be the selling price of a 10-year bond with a face value of P100,000, interest at 20%…

A:

Q: 15.) Find the APR to the nearest half-percent on a $3700 loan that is repaid at 7% add-on interest…

A: answer is in next step

Q: A debt of $8000 is to be amortized with 10 equal semiannual payments. If the interest rate is 9%,…

A: Given the debt amount $8,000. Number of payments is 10 equal payments (Semiannually). Rate of…

Q: If you pay $8,400 for a 20-year zero coupon bond with a face value of $40,000, what is your annual…

A:

Q: For items 6-7. Mrs Shiirley Abundo borrowed 20, 000.00 at 7.5% compounded quarterly at a certain…

A: $20,000 at 7.5% compounded quartely for a 2 year loan

Q: A man buys a motor vehicle for $50,000.  if the interest rate on the loan is 12% compounded monthly…

A:

Q: Suppose that Juanita borrows $500 for 6 months at the simple interest rate of 9% per annum. What is…

A: Given :- Suppose that Juanita borrows $500 for 6 months at the simple interest rate of 9% per annum.…

Q: A man is disabled in an accident and wants to receive an insurance payment that will provide him…

A: Use the formula for the present value is given below A=P1−1+rn−ntrn...….(1) Here, P=$2500 Rate of…

Q: John Roe, an employee of The Gap, loans $3,000 to another employee at the store.  He will be repaid…

A: Since there are 4 quarters in a year so final amount is:  A=P1+R/4100t×4   =30001+8/41004×4…

Q: You want to buy a 5 year bond with a maturity value of $8,000, and you wish to get a return of 5.5%…

A:

Q: Jane Frost wants to receive yearly payments of $16,000 for 8 years. How much must she deposit at her…

A: We want to find intereste compound annually.

Q: A bank is offering a special four-year investment certificate paying 3.5% per year, compounded…

A: We can solve it by the mathod of finding compound interest.

Q: what is the FV of the investment. Round  to nearest cent. $7,000 for 4 years at 4.75%  annual…

A:

Q: Angela currently owes $6,000 to a friend who is charging her interest of 2.80% p.m. She is required…

A: Given information Value of loan today=$6000. Rate r=2.80% p.m=0.028 p.m Let us assume the equal…

Q: If John wants to retire with $10,000 per month, how much principal is necessary to generate this…

A: Given interest per month =$10000 Interest per year =10000x12=$120000 Rate of interest per year =4%

Q: What is the purchase price on a car that has a $350 monthly payment for five years, financed at 6%…

A: Given query is to find the purchase price of the car.

Q: Suppose you make a down payment of 20% of $27,600 and finance the rest at 1.5% compounded monthly…

A: Let  L, c and n denote the loan amount, the rate of interest per payment and the number of payments.…

Q: Find the prosent value of $4000 payable at the end of 2 years, If money may be invested at 9% with…

A:

Q: A debt of $9000 is to be amortized with 8 equal semi-annual payments. If the interest rate is 8%,…

A:

Q: A credit union is offering 30-year home loan with annual rates of 4.1% with 1.5 points or 3.8% with…

A: Given p=$330000

Q: Jasica Parker would like to have $26,000 to buy a new car in 7 years. To accumulate $26,000 in 7…

A:

Q: A debt of $6000 is to be amortized with 6 equal semiannual payments. If the interest rate is 9%,…

A: We know that-

Q: Upon graduation from college, Warren Roberge was able to defer payment on his $40,000 subsized…

A: Amount 'A' on a principal 'P'  when rate of interest is compounded is given by the formula: