Q: A debt of $4,000.00 is to be paid off with 8 equal semi-annual payments. If the interest rate is 15%…
A: Repaying debt in equal instalments is a type of annuity. That is any number of payments of equal…
Q: A loan is being repaid with 10 payments of RM2,000 followed by 10 payments of RM1,000 at the end of…
A: First 10 semi annual payment = RM 2000 Next 10 Semi annual payments = RM 1000 Annual interest rate =…
Q: A $17,000 loan is to be amortized for 10 years with quarterly payments of $621.45. If the interest…
A: Unpaid Balance after sixth payment is equal to present value of annuity of $621.45 remaining period…
Q: Miller borrows $310,000 to be paid off in three years. The loan payments are semiannual with the…
A: Instalment= P x R x (1+R)^N / [(1+R)^N-1] N= 3 years*2 = 6 periods R= 10%/2 = 5%
Q: A loan of $1000 is paid off in 12 monthly payments of $120 each. What is the effective annual…
A: Borrowings are the liability that is used to finance the requirement of the funds. The borrower…
Q: A debt of $19,000 is being repaid by 15 equal semiannual payments, with the first payment to be…
A: Loan = P = $19,000 15 equal semiannual payments Interest = r = 5% compounded semiannually…
Q: A monthly amortizing, $ 100,000 fixed-rate loan amortizes fully in 30 years and has a contract rate…
A: Loan is defined as the funds that are borrowed in an exchange of the repayment of the principal loan…
Q: A P15,000 loan at 6% compounded semi- annually is to be amortized in 6 months. Find the monthly…
A: monthly rate = (1 + 6%/12)1/6 -1 = 0.49386% N = 6 FV = 0 PV = 15,000 use PMT function in Excel…
Q: A loan of P47,300 is to be amortized by equal payments each month for 6 months . If interest is 12%…
A: Present Value of Ordinary Annuity refers to the concept which gives out the discounted or today's…
Q: A P150,000 loan is to be paid as follows: P 10,000/month _______ 1st to 10th month Final payment…
A: Loan = 150,00 Time Period = 12 months Interest Rate = 12%/12 = 1% per month Payment from 1st to 10th…
Q: A debt of P40,000, whose interest rate is 15% compounded semiannually, is to be discharged by a…
A: Given, The debt amount is P40,000 Interest rate 15%
Q: A loan of $245,000 is to be repaid in equal quarterly payments over a period of 6 years. If the…
A: Loan = 245,000 Time Period (N) = 6 years i.e. 24 quarters Number of compounding periods = 4 Interest…
Q: XYZ Company has taken out a 5-years instalment loan of AED 100,000 at a nominal interest equal rate…
A: Given: Loan amount in AED 100,000 Nominal interest rate 12% Loan tenure in years 5 Payment…
Q: Payments of $1,200 in 1 year and another $2,500 in 6 years to settle a loan are to be rescheduled…
A: Here, Payment in year 1 is $1,200 Payment in year 6 is $2,500 Reschedule payment in 14 months is…
Q: Compute the monthly payment on a $65,000 loan if the principal and interest are to be repaid in 84…
A: Monthly payments could be computed by using the present value formula. Present value of all the…
Q: A $26,000 loan is repaid with quarterly payments of $900 at 3.20% compounded semi-annually. How many…
A: Loan amount (PV) = $ 26,000 Quarterly payment (P) = $ 900 Interest rate = 3.20% Effective annual…
Q: A $13,000 loan is to be amortized for 10 years with quarterly payments of $414.98. If the interest…
A:
Q: Payments of $1,350 in 1 year and another $2,100 in 5 years to settle a loan are to be rescheduled…
A: The concept of the time value of money states that the same amount of money has more value today…
Q: A loan of $1,000 at a nominal rate of 12% convertible monthly is to be repaid by 6 monthly payments…
A:
Q: To pay off a P100,000 loan , it is required that 20 semi -annual payments that is increased by…
A: A) P2,854 Explanation:
Q: To borrow $600, you are offered an add-on interest loan at 9 percent. Two loan payments are to be…
A: Given: Borrowed amount =$600Annual interest =9% Amount to be paid =Principal + Interest=$600 +…
Q: A loan of 10.000 TL is repaid in equal annual installments at 10% effective interest rate per year.…
A: Given: Loan amount= 10000 TL Annual effective rate =10% Interest amount in third payment = 868.24…
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A:
Q: A loan of P5,000 is made for a period of 15 months, at a simple interest rate of , what future…
A: We need to use simple interest formula to calculate future amount due after loan period…
Q: A loan of $15,000 requires monthly payments of $477 over a 36-month period of time. These payments…
A: APR is the annual percentage rate. It is the interest rate charged from the borrower of the loan and…
Q: A loan of P12, 500 is to be repaid with equal quarterly payments for one year with an interest of 6%…
A: Note: It is a case where the number of questions asked is more than one and no specified question is…
Q: A debt of P100,000 is to be discharged by ten semi-annual payments, the first to be made 6 months…
A: To approach this question, instead of using any formula, we should make payment table so as to get…
Q: pan of $30,000 is to be financed over a period of 24 months. The agency quotes a nominal interest…
A: in this we have to find equivalent effective interest rate and use as annual interest rate.
Q: A client is given a loan of principal amount of R50,000 which accrues interest of 10% per annum,…
A: A loan is a financial arrangement in which the borrower get a lump sum amount and paid it in future…
Q: ABC Bank sanctions a loan application for a 25 year mortage loan for US100,000. The interest rate…
A: Present value refers to the current valuation for a future sum. Investors determine the present…
Q: A demand loan of $3000.00 is repaid by payments of $1500.00 after two years, $1500.00 after four…
A: Initial principal amount = $3000 Rate of interest for Ist 2 years = 5% per year Total amount after 2…
Q: A total of $50,000 is borrowed and repaid with 60 monthly payments, with the first payment occurring…
A: monthly payment formula: monthly payment=p×rm1-1+rm-m×n where, r=rate p=principal m=frequency of…
Q: A loan of $10,000 is repaid by 20 level installments at the end of every 6 months. The nominal rate…
A: Loan refers to the amount borrowed which creates liability for fund receiver and level installments…
Q: A debt of Php 150,000 is to be amortized by ten semi-annual payments, the first to be made 6 months…
A: Loan Amortization: A simple definition of amortization is the amount of principal and interest that…
Q: A $35,000 loan at 4% compounded quarterly is to be repaid with six equal quarterly payments. The…
A: The total present value of all future installments to be paid is equal to the current value of loan.…
Q: . A loan of Php 40,000.00 with interest rate of 15% compounded biannually, is to be discharged by a…
A: Loan amount = Php 40000 Semi-annual rate R = 15%/2 = 7.5% Number of semi-annual period = 10 First 6…
Q: A loan of 20,000 is to be repaid as follows. Payments of p are to be made at the end of each month…
A: Amount of Loan = 20000 Principal amount to be paid in total 96 installment = 20000-5400 = 14600…
Q: A six-month loan of 20,000 at a nominal rate of 12% convertible monthly will be repaid with six…
A: Loan monthly payments are given by, Loan amount = PV of all payments PV = C/(1+r)n Where, C =…
Q: A fully secured loan of P30,000 was to be amortized by 10 equal semi-annual payments, the first…
A: The time value of money becomes an important factor for capital budgeting decisions. It is an idea…
Q: A $7500 loan at 9% compounded monthly requires three payments at five month intervals after the date…
A: The loan is the borrowed money that has to return at the specified period with the given rate of…
Q: A 20 year loan is being repaid in equal annual ins he amount of interest in the last payment is $90.…
A: Present value of annuity With annuity or equal payment (PMT), interest rate (r) and period (n), the…
Q: A loan of R40 000 is granted at an interest rate of 18% pa compounded monthly. In order to amortize…
A: A loan amortization schedule is a schedule with the bifurcation of interest paid per installment,…
Q: BALR Corp.borrows $500,000 to be paid off in three years. The loan payments are semiannual with the…
A: Loan refers to the amount raised by an individual with the mode of borrowings from the lender with…
Q: A loan of P3,000 is repaid by a payment of P3,500 made 24 months later. What is the annual…
A: Loans payment carry the payment of principal amount and also payment of principal amount also.
Q: A loan of $18,000 is to be financed over a period of 24 wmonths. The agency quotes a nominal…
A: Given:Loan amount=$18000Financed time period=24 monthsNominal interest rate =8% for first 12…
Q: 20.000 TL loan is being repaid by installments of 400 TL at the end of each month for as long as…
A: Computation: Year 1:
Q: A fully secured loan of P30,000 was to be amortized by 10 equal semi-annual payments, the first…
A: Loan amount (L) = P 30000 Total payments (n) = 10 r = 12% per annum = 6% semiannually Let semiannual…
Q: A firm borrows $100,000 under a 3 year agreement at 12% interest. The loan requires annual payments…
A: A baloon loan (could be mortgage, or a commercial loan etc) is a loan in which a lump sum payment is…
A loan of R22 000 is granted at 14% pa effective. The loan is to be amortized by forty-two consecutive equal monthly payments Rx. If the first payment is made ten months after the loan is granted, then Rx (rounded to the nearest cent) is equal to:
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- If Bergen Air Systems takes out a $100,000 loan, with eight equal principal payments due over the next eight years, how much will be accounted for as a current portion of a noncurrent note payable each year?A loan of P47,300 is to be amortized by equal payments each month for 6 months . If interest is 12% compounded monthly. Find the periodic payment.A loan of P20,000 was paid as follows: P2,000 at the end of 2 months, P5,000 at the end of 12 months, P8,000 at the end of 15 months & final payment at the end of 18 months. Find the final payment if rate of interest is 12% compounded monthly.
- A loan of R40 000 is granted at an interest rate of 18% pa compounded monthly. In order to amortize the loan, regular equal payments of R400 will be made every three months starting three months after the loan was granted. The balance outstanding (rounded to the nearest cent) on the loan immediately after the twenty-first payment is made is equal to:A loan of $4000 at 7.5% compounded monthly requires three payments of $1000 at 6, 12, and 18 months after the date of the loan and a final payment of the full balance after 2 years. What is the amount of the final payment?SportZ has negotiated a loan of $25 000 with interest at 7.6% per annum, to be paid as month-end payments of $2200.00 over the next year. Construct a loan amortization schedule to answer the following questions. i. How much interest is paid over the first two months? ii. How much of the principal is paid by the end of the first two months? iti. How much interest is paid over the term of the loan? iv. What is the amount of the final payment?]
- A loan of R5000 is to be amortised over thirteen years by regular equal quarterly payments starting three months after the loan is granted. Interest on the loan is charged at 12,8% p.a compounded quarterly. Immediately after the fourth payment, the interest rate changes to 13% p.a. compounded quarterly. If the payments remain unchanged from the fifth payment onwards, then the new final amount ( to the nearest cent) needed to amortise the loan in the original time period, is equal to RA fully secured loan of P30,000 was to be amortized by 10 equal semi-annual payments, the first payment to be made 6 months after the loan finalization. After the payment was made, the debtor was in a position to settle the entire debt balance by a single payment on that date. If the interest on the loan is 12% compounded semi-annually, what would be the amount of this single payment?A $17000 loan is to repaid by monthly payments of $390, the first payment is due in one year's time. If interest is charged at a rate of jyz = 10%. determine the number of regular monthly payments and the size of the final larger payment. a)Number of payments: bjFinal larger payment: $
- A 13 - year loan for $1,500,000 is to be amortized by equal monthly payments. If the APR is at 7.53%, find the amount of the interest in the first payment. $ . (calculate to cents.)A loan of £70,000 is repaid in 18 annual instalments of £6,400,with the first repayment due in one year.What is the interest rate?A loan of amount 1000 at a nominal annual interest rate of 12% compounded monthly is repaid by 6 monthly payments, starting one month after the loan is made. The first three payments are amount X each and the final three payments are amount 3X each. Construct the amortization schedule for this loan. Determine the sum of the principal repaid in the third payment and the interest in the fifth payment.
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