$8,000 @ rste of 7.5% compounded semiannually for 8 years? If I borrowed $8000 @ rate...
$8,000 @ rste of 7.5% compounded semiannually for 8 years?
If I borrowed $8000 @ rate of 7.5% compounded semiannually. If I made no payments how much would I owe after 8 years?
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$8,000 @ rste of 7.5% compounded semiannually for 8
years?
If I borrowed $8000 @ rate...
1) Carlos has borrowed $8,000 for 8 years at 6% compounded semi-annually. He will repay interest...
1) Carlos has borrowed $8,000 for 8 years at 6% compounded semi-annually. He will repay interest every 6 months plus principal at maturity. He will also deposit X every 6 months into a sinking fund paying 5% compounded semi-annually to pay off the principal at maturity. a) Find X. Carlos goes bankrupt at the end of year 6, just after making his interest payment and sinking fund deposit. The bank confiscates the money in the sinking fund but gets no...
For equipment upgrades, a business borrowed $400,000 at 10% compounded semiannually for 7 years. What are...
For equipment upgrades, a business borrowed $400,000 at 10% compounded semiannually for 7 years. What are the semiannual payments (in dollars)? (Round your answer to the nearest cent.) $ wah a present value of $150,000, what is the size of the withdrawals that can be made at the end of each quarter for the next 10 years if money is worth 6.5%, compounded quarterly? (Round your answer to the nearest cent.) $ A homeowner planning a kitchen remodeling can afford...
woman borrowed P3,000 to be paid after 16 years with interest at 12% compounded semiannually and...
woman borrowed P3,000 to be paid after 16 years with interest at 12% compounded semiannually and P5,000 to be paid after 3 years at 12% compounded monthly. What single payment must she pay after 3 years at an interest rate of 16% compounded quarterly to serile the two obligations? Ans P12. 627.59 10. Mr.J de la Cruz borrowed money from a bank. He received from the bank P1.342 and promise to repay P1,500 at the end of 9 months. Determine...
Monthly payments on a $160,000 mortgage are based on an interest rate of 6.6% compounded semiannually...
Monthly payments on a $160,000 mortgage are based on an interest rate of 6.6% compounded semiannually and a 30-year amortization. If a $5000 prepayment is made along with the thirty-second payment: (Do not round the intermediate calculations.) a. How much will the amortization period be shortened? (Round Up to the next whole number.) The amortization period will be shortened by years and month(s). b. What will be the principal balance after four years? (Round your answer to two decimal places.)...
1.Four years ago a person borrowed $15,000 at an interest rate of 10% compounded annually and...
1.Four years ago a person borrowed $15,000 at an interest rate of 10% compounded annually and agreed to pay it back in equal payments over a 10 year period. This same person now wants to pay off the remaining amount of the loan. How much should this person pay? Assume that she has just made the 3rd payment. 2.What is the accumulated amount resulting from a series of equal yearly deposits of $1,000 for 6 years if the interest rate...
Question 12 3 pts Albert borrowed $56,000 for 10 years at 8.3 percent compounded semiannually. How...
Question 12 3 pts Albert borrowed $56,000 for 10 years at 8.3 percent compounded semiannually. How much of payment 16 will go towards paying interest? $768.19 $479.51 $626.78 $903.95
Question 13 3 pts Albert borrowed $56,000 for 10 years at 8.3 percent compounded semiannually. How...
Question 13 3 pts Albert borrowed $56,000 for 10 years at 8.3 percent compounded semiannually. How much of payment 12 will go towards paying off principal? $3,271.54 $2,895.84 $3,016.02 $3,141.18
An amount of $2450 is borrowed for two years at a rate of 6.1% compounded continuously....
An amount of $2450 is borrowed for two years at a rate of 6.1% compounded continuously. Payments of $1000 each are made in six months and one year, determine the amount needed to settle the loan at the end of the term. Please please please show work. I am struggling to figure out why my multiplication with e^x is never coming out calculated correctly.
13-19 odd please 13. A $10,000 loan is to be amortized for 10 years with quarterly...
13-19 odd please
13. A $10,000 loan is to be amortized for 10 years with quarterly payments of $334.27. If the interest rate is 6% compounded quarterly, what is the unpaid balance immediately after the sixth payment? 14. A debt of $8000 is to be amortized with 8 equal semi- annual payments of $1288.29. If the interest rate is 12% compounded semiannually, find the unpaid balance immediately after the fifth payment. 15. When Maria Acosta bought a car 2 years...
you deposit 4000 in an account that pays 8% interest compounded semiannually. After two years the...
you deposit 4000 in an account that pays 8% interest compounded semiannually. After two years the interest rate is increased to 8.44% compounded quarterly. What will the value of the account after a total of four years
1) Carlos has borrowed $8,000 for 8 years at 6% compounded semi-annually. He will repay interest every 6 months plus principal at maturity. He will also deposit X every 6 months into a sinking fund paying 5% compounded semi-annually to pay off the principal at maturity. a) Find X. Carlos goes bankrupt at the end of year 6, just after making his interest payment and sinking fund deposit. The bank confiscates the money in the sinking fund but gets no...
For equipment upgrades, a business borrowed $400,000 at 10% compounded semiannually for 7 years. What are the semiannual payments (in dollars)? (Round your answer to the nearest cent.) $ wah a present value of $150,000, what is the size of the withdrawals that can be made at the end of each quarter for the next 10 years if money is worth 6.5%, compounded quarterly? (Round your answer to the nearest cent.) $ A homeowner planning a kitchen remodeling can afford...
woman borrowed P3,000 to be paid after 16 years with interest at 12% compounded semiannually and P5,000 to be paid after 3 years at 12% compounded monthly. What single payment must she pay after 3 years at an interest rate of 16% compounded quarterly to serile the two obligations? Ans P12. 627.59 10. Mr.J de la Cruz borrowed money from a bank. He received from the bank P1.342 and promise to repay P1,500 at the end of 9 months. Determine...
Monthly payments on a $160,000 mortgage are based on an interest rate of 6.6% compounded semiannually and a 30-year amortization. If a $5000 prepayment is made along with the thirty-second payment: (Do not round the intermediate calculations.) a. How much will the amortization period be shortened? (Round Up to the next whole number.) The amortization period will be shortened by years and month(s). b. What will be the principal balance after four years? (Round your answer to two decimal places.)...
Question 12 3 pts Albert borrowed $56,000 for 10 years at 8.3 percent compounded semiannually. How much of payment 16 will go towards paying interest? $768.19 $479.51 $626.78 $903.95
Question 13 3 pts Albert borrowed $56,000 for 10 years at 8.3 percent compounded semiannually. How much of payment 12 will go towards paying off principal? $3,271.54 $2,895.84 $3,016.02 $3,141.18
13-19 odd please
13. A $10,000 loan is to be amortized for 10 years with quarterly payments of $334.27. If the interest rate is 6% compounded quarterly, what is the unpaid balance immediately after the sixth payment? 14. A debt of $8000 is to be amortized with 8 equal semi- annual payments of $1288.29. If the interest rate is 12% compounded semiannually, find the unpaid balance immediately after the fifth payment. 15. When Maria Acosta bought a car 2 years...
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