Question

5) A debt of $5000.00 is to be repaid by payments of $2000.00
after two years, $2500.00 after three years and a final payment
after five years. Determine the size of the final payment if
interest is 10% p.a. compounded semi-annually.

Answer #1

A demand loan of $6000.00 is repaid by payments of $3000.00
after two years, $3000.00 after four years, and a final payment
after seven years. Interest is 6% compounded quarterly for the
first two years, 7% compounded semi dash annually for the next
two years, and 7% compounded quarterly thereafter. What is the
size of the final payment?

A demand loan of $8000.00 is repaid by payments of $3500.00
after two years, $3500.00 after four years, and a final payment
after eight years. Interest is 7% compounded monthly for the first
2 years, 8% compounded semi-annually for the next two years, and
8% compounded quarterly thereafter. What is the size of the final
payment?

A debt of $45,000 is repaid over 8 years with payments occurring
monthly Interest is 5 % compounded annually.
(a) What is the size of the periodic payment?
(b) What is the outstanding principal after payment 23?
(c) What is the interest paid on payment 24?
(d) How much principal is repaid in payment 24?

A debt of $7042.73 is repaid by payments of $1442.15 in 3
months, $1103.94 in 13 months, and a final payment in 26 months.
If interest was 5% compounded annually, what was the amount of the
final payment? (Round to the nearest cent)

a
loan, amortized over 5 years, is repaid by making payments of $1200
at the end of every month. if interest rate is 3.50% compounded
semi- annually, what was the loan principal?

A debt of $14,300
with interest at 8 %
compounded semi-annually
is repaid by payments of $2,100
made at the end of every 3 months.
Construct an amortization schedule showing the total paid and
the total cost of the debt.
Complete the amortization schedule. (Round to the nearest cent
as needed.)
Payment Number
Amount Paid
Interest Paid
Principal Repaid
Outstanding Principal Balance
0
$14,300
1
$2,100
$
$
$

A demand loan of $8000 is repaid by payments of $3000 after
fifteen months, $4000 after thirty months, and a final payment
after four years. If interest was 8% for the first two years and
9% for the remaining time, and compounding is quarterly, what is
the size of the final payment?
The size of the final payment is
$.
(Round the final answer to the nearest cent as needed. Round
all intermediate values to six decimal places as needed.

A debt of $4197.84 is repaid by payments of $1269.51 in 3
months, $1092.07 in 15 months, and a final payment in 27 months.
If interest was 6 % compounded monthly what was the amount of the
final payment?

Consider a $350,000 mortgage that is to be repaid over 25
years at 2.52% compounded semi- annually. Assume that the payments
are done at the end of each month. Find the outstanding balance,
interest and principal payment after 8 years.

A 25-year, $420,000 mortgage at 3.90% compounded semi-annually
is repaid with monthly payments.
a. What is the size of the monthly
payments?
Round to the nearest cent.
b. Find the balance of the mortgage at the end
of 5 years?
Round to the nearest cent.
c. By how much did the amortization period
shorten by if the monthly payments are increased by $125 at the end
of year five?
years
months
Express the answer in years and months, rounded to...

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