How would be the principal amount of loan if you need to borrow $300,000 for one year with a discount loan of 8%? *

Q: If you repaid a loan of $3000 in 4 years with monthly installments of $86, what was the finance…

A: Computation:

Q: Consider a loan of 1,000,000 which is to be amortized by 60 monthly payments. The interest rate is…

A: Loan (mortgage) amortization schedule refers to a schedule which is prepared to shows the periodic…

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

A: Borrowings are the liability of the company which is used to finance the requirement of the funds.…

Q: of loan can you get if you pay $700 each month at a yearly rate of 0.89% for 10 yea

A: The given problem can be solved using PV function in excel. PV function computes loan amount for…

Q: You borrow $280,000 at 4.00% per year and will pay off the loan in equal payments starting one year…

A: Borrowings are the liability that is used to finance the requirement of the funds. The borrwer needs…

Q: An individual wishes to borrow $10,000 for a year and is offered the following alternatives: a. A 10…

A: Calculating the effective interest rate on borrowing option 10% loan discounted in advances. We…

Q: Assume you borrow $10,000 today and promise to repay the loan in two payments, one in year 2 and the…

A: Formula to calculate the future payments is P = F(P/F, i,n) Where F is the future accumulated…

Q: What amortization payment (in $) would you need to make each month at 24% interest compounded…

A: Amortization means the process of paying the debt. In this method, the amount of principal is the…

Q: How much interest is payable each year on a loan of P2,000 if the interest rate is 10% simple…

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

Q: You borrow $5,000 and have to pay $5,300 six months later. Calculate the effective annual rate of…

A: Interest Paid = $5300 -$5000 Interest Paid =$300 Interest Rate =$300/$5000 Interest Rate = 6%…

Q: How much the monthly payment on a $114,000 home be if you get 4.1% interest over a 15 year loan with…

A: Here, Loan Amount is $114,000 Interest Rate is 4.1% Time Period of Loan is 15 years Compounding…

Q: Find the amount (in dollars) indicated. (Round your answer to the nearest cent.) the monthly…

A: The month payment is the equal amount that is paid at every month until the maturity of the loan…

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: Suppose you have accumulated $22,000 in credit card debt. If the interest rate on the credit card is…

A: Present Value = Annuity * PVAF (Periodic rate, Number of Periods )

Q: What are the weekly payments on a 6-year, $80,000 loan if the interest rate is 14%?

A: Using excel PMT function

Q: How long will you take to pay a debt of $750,000 using annual interest rate of 10% and annual…

A: According to the time value of money concept, the value of money on the future date will be less…

Q: You borrowed $5,000 for 24 months at 6% interest. What is the total payback on the Single Payment…

A: Total payback on the Single Payment loan - It es the payback of the loan at a single payment…

Q: You receive a 10-year subsidized student loan of $29,000 at an annual interest rate of 4.8%. What…

A: Loan payments are given by, L = E(1-(1+r)^-n)/r Where, E = payment = ?? r = interest rate = 4.8%/12…

Q: You plan to borrow $10,000 from the bank. For a four-year loan, the bank requires annual end-of-year…

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

Q: You have a student loan of 25000 with a fixed Apr of 6 % for 15 years  what is the monthly payment…

A: Using excel PMT function

Q: How much the monthly payment on a $135k home be if you get 3.6% interest over a 15 year loan with a…

A: Given information: Amount of loan : $135,000 Interest rate : 3.6% Time period : 15 years Balloon…

Q: If you borrow $9,000 and agree to repay the loan in six equal annual payments al an interest rate of…

A: Present worth is the value of the amount in current time which is expected to be paid or received in…

Q: When interest is charged on the unrecovered balance, if you borrow $10,000 at 10% per year interest…

A: Whenever loan is taken, interest is required to be paid on that loan. That interest calculation can…

Q: If you borrow $25,000 from a local finance company and you are required to pay $4,424.50 per year…

A: Given values: Present value (PV) is $25,000. Annual payments (PMT) are $4,424.50. Maturity period…

Q: .What are the annual payments for a 4-year $4,000 loan if the interest rate is 9% per year? Make up…

A: Let Annual Payment  = A Amount = $ 4000 Rate(r) = 9% Years(n) = 4 Amount  = A [ 1-1/(1+r)^n]/r

Q: If the bank quotes a loan APR of 9% per annum, compounded monthly, what do you have to pay back in 1…

A: Compound interest= P(1+r%/n)^tn Interest rate = 9% Borrow amount= 100

Q: How much would you have to pay each year to pay off a 5%, 7-year loan of $300,000?

A: In the given question we require to calculate the annual payment to pay off the loan of $300000 in 7…

Q: Assume you borrow $10,000 today and promise to repay the loan in two payments, one in year 2 and the…

A: Let, the size of the payment in 4th Year be X. The calculation of the value of X is as follows:

Q: What effective annual interest rate are yo being charged

A: Information Provided: Face amount = $2000 Interest amount = 14% Compensating balance = 20%

Q: Suppose a graduate student receives a non-subsidized student loan of $13,000 for each of the 4 years…

A: Please refer to the excel below for calculations. Note: Since the fees is to be paid at the starting…

Q: A personal loan for $20,000 has an interest rate of 12% over 5 years with monthly payments. What is…

A: Equated Monthly Instalment(EMI) means a part of the equally divided monthly amount paid for the…

Q: Suppose a graduate student receives a non-subsidized student loan of $11,000 for each of the 4 years…

A: Non-Subsidized Student Loan per year = $11,000 Time Period of Non-Subsidized Student Loan = 4 Years…

Q: You receive a 10-year subsidized student loan of $19,000 at an annual interest rate of 6.8%. What…

A: Using excel PMT function to calculate the monthly payment

Q: Teal and Associates needs to borrow $35,000. The best loan they can find is one at 12% that must be…

A: Monthly payment for the loan comprise of an interest part and principal repayment part and is…

Q: If you take out an amortized loan of $33,000 with a 14 year term and 7.4% interest rate, what are…

A: Using excel pmt function

Q: You have borrowed $14,300 at a compound annual interest rate of 15 percent. You feel that you will…

A: given, p= $14300 pmt = $3000 r=15%

Q: (1) A 5-year auto loan for $20,000 has monthly payments at an 8% nominal annual rate. If the…

A: Annual percentage rate (APR) refers to the annual interest rate charged to borrowers or investors.…

Q: Suppose a graduate student receives a non-subsidized student loan of $11,000 for each of the 4 years…

A: Loan amount is the amount that is borrowed by the lender for fixed interest rate and for fixed…

Q: If you borrow $9,983 and are required to pay back the loan in five equal annual installments of…

A: Loan is an agreement between lender and borrower where lender provide funds to borrower for definite…

Q: What is the size of 8 equal annual payments to repay a loan of $1,000? The first payment is due one…

A: Present Value of annuity refers to the present value of all the future payments of and series of…

Q: If you borrow $1,000 and pay back $1,728 in three years, what annual rate of interest are you…

A: Annual Percentage rate (APR) is the percentage rate that shows the interest calculates on the…

Q: A firm borrows $2,000,000 at 12% annual interest and wishes to pay it back with payments that…

A: Here we will use the concept of time value of money. As per the concept of time value of money the…

Q: You want to borrow $30,000. For the loan to you must repay $1100 every quarter (4 times per year)…

A: Loan is an agreement between lender and borrower where lender agrees to provide funds to lender for…

Q: A loan of ₱20,000 will be paid semiannually for 4 years. What is the amount of each payment if…

A: Borrowings are the liability of the company which is used to finance the requirement of the funds.…

Mortgages

A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.

Mortgage

The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.