Question

A loan is being repaid with 20 payments of $ 1,000 at the end of each quarter. Given that the nominal rate of interest is 8% per year compounded quarterly, find the outstanding balance of the loan immediately after 10 payments have been made (a) by the prospective method, (b) by the retrospective method.

Answer #1

A loan is being repaid with 20 payments of $ 1,000 at the end of
each quarter. Given that the nominal rate of interest is 8% per
year compounded quarterly, find the outstanding balance of the loan
immediately after 10 payments have been made (a) by the prospective
method, (b) by the retrospective method.
Please solve by hand, I need to know how to complete the problem
without a financial calculator. Thank you.

A loan is to be repaid in end of quarter payments of $1,000
each, with there being 20 end of quarter payments total. The
interest rate for the first two years is 6% convertible quarterly,
and the interest rate for the last three years is 8% convertible
quarterly. Find the outstanding loan balance right after the
6th payment.
Please show/explain your work, I'd like to learn how to do it
without excel

A loan of $6,300 is being repaid by payments of $70 at the end
of each month. After the 7th payment, the payment size increases to
$280 per month. If the interest rate is 6.6% compounded monthly
calculate the outstanding loan balance at the end of the first
year.

A loan of 20,000 is being repaid by 20 annual payments at the
end of year, each includes equal repayment of the principal along
with the interest at 5% effective on the unpaid loan balance. After
receiving each payment, the lender immediately deposits the payment
into an account bearing interest at an annual rate of 3%. Find the
accumulated value of the account right after the last deposit. The
accumulated value is (in two decimals).

A loan is being repaid by quarterly installments of $1500 at the
end of each quarter at 10% convertible quarterly. If the loan
balance at the end of the first year is $12,000. Find the original
loan balance.

A loan is being repaid by quarterly installments of $1500 at the
end of each quarter at 10% convertible quarterly. If the loan
balance at the end of the first year is $12,000. Find the original
loan balance.

A loan is to be repaid with level installments payable at the
end of each halfyear
for 3.5 years, at a nominal rate of interest of 8% convertible
semiannually.
After the fourth payment the outstanding loan balance is 5,000.
Find the
initial amount of the loan.
Answer should be: $10,814.16

A loan is repaid by making payments of $2000.00 at the end of
every six months for twelve years. If interest on the loan is 10%
compounded quarterly, what was the principal of the loan?

A loan of $10,000 is being repaid with 10 payments at the end of
each year at an annual effective rate of 5%. The payments grow by
10% each year. Find the amount of interest and principal paid in
the fifth payment. (Answer: $397.91, $837.97) Show all
calculations.

A loan is repaid with monthly payments for five years, the
payments beginning exactly one year after the loan is made. The
payments are each $1,000 in the monthly payments. If the interest
rate on the loan is a nominal rate of 6% convertible monthly find
the amount of principal in the 42nd paymen

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