mother borrowed 293,957 with 0.16 compound semi-annually and promised to pay the amount by 24 equal semi-annual installments which will start at the beginning of each period. Determine the semi-annual payment.
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A mother borrowed 293,957 with 0.16 compound semi-annually and promised to pay the amount by 24 equal semi-annual installments which will start at the beginning of each period. Determine the semi-annual payment.
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- A mother borrowed 180,378 with 0.09 compounded monthly and promised to pay the amount by 20 equal monthly installments which will start at the beginning of each period. Determine the monthly payment.Jesse received a loan of $36,000 at 5.75% coumpounded quarterly. She had to make payments at the end of every quarter for a period of 5 years to settle the loan. a. Calculate the size of payments Round to the nearest cent b. Fill in the partial amortization schedule for the loan, rounding your answers to two decimal places Payment Number Payment Interest Portions Principal Portion Principal BalanceA mother borrowed 244,635 with 0.14 compounded semi - annually and promised to pay the amount by 8 equal semi - annual installments which will start at the beginning of each period. Determine the semi - annual payment.
- A mother borrowed 137,254 with 0.09 interest monthly and promised to pay the amount by 17 equal monthly installments which all start at the beginning of each period. determine the monthly payment.Anna received a loan of $29,000 at 4.5% compounded semi-annually. He had to make payments at the end of every half-year for a period of 6 years to settle the loan. a. Calculate the size of payments. Round to the nearest cent b. Fill in the partial amortization schedule for the loan, rounding your answers to two decimal places. Payment Number 0 Payment Interest Portion Principal Portion Principal Balance $29,000.00Vincent received a loan of $28,000 at 4.25% compounded monthly. She had to make payments at the end of every month for a period of 5 years to settle the loan. a. Calculate the size of payments. Round to the nearest cent b. Complete the partial amortization schedule, rounding the answers to the nearest cent. Payment Number Payment K 0 1 2 0 0.00 0 0 Total :: :: $0.00 $0.00 $0.00 $0.00 $0.00 Interest Portion Principal Portion $0.00 $0.00 :: :: $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 Principal Balance $28,000.00 $0.00 $0.00 :: $0.00 $0.00 0.00
- Marissa borrowed $1,010 today and is to repay the loan in two equal payments, one in 3 months and the other in 14 months. Assuming an interest rate of 4% p.a. on the loan, determine the size of the equal payments if a focal date of "today" is used.Answer asap --- Mary needs to repay a $12,000 debt. Her bank offers personal loans with terms from one to five years at 9.25% per year, compounded monthly. a) Determine the monthly payment for a three-year term b ) Calculate the total Interest paid on the loan. c) determine marry's payment if she chooses to make bi- weekely paymentsKaren obtained a $25.000 loan at 4.5% compounded semiannually. a-1. What monthly payment will repay the loan in 7 1/2 years? (Do not round Intermedlate calculations and round your final answer to 2 decimal places.) Monthly payment $4 a-2. How much interest will Karen pay over the life of the loan? (Round Intermedlate calculations to 2 declmal places and round your final answer to the nearest dollar.) Total interest %$4 6 of 9 Next > < Prev connect T
- Ma. Nochna Pula borrowed $10,000 at 6% annual compound interest. She agreed to repay the loan with five equal annual payments at end of each year. How much is the annual payment?Ariells borrows 400,000 at i-.03. She repays this loan by paying off only the interést due at the end of each year to the lender and depositing a level amount Y at the end of each year into a sinking fund account offering 6% APY so as to accumulate the full balance of the loan amount in the sinking fund at the end of 15 years. Find the AEIR that Arielle has ended up paying on this loan. O A..01744 OB. 0115 O C..02009 O D..01194 O E..01586Karen obtained a $20,000 loan at 4% compounded semiannually. a-1. What monthly payment will repay the loan in 7 1/2 years? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Monthly payment $ a-2. How much interest will Karen pay over the life of the loan? (Round intermediate calculations to 2 decimal places and round your final answer to the nearest dollar.) Total interest LA