Question

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.

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 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 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 $95,000 a mortgage is to be amortized by making monthly
payments for 20 years. Interest is 7.4% compounded semi-annually
for a five-year term.
(a)
Compute the size of the monthly payment.
(b)
Determine the balance at the end of the five-year term.
(c)
If the mortgage is renewed for a five-year term at 7%
compounded semi-annually, what is the size of the monthly payment
for the renewal term?
(a) The size of the monthly payment is $__.
(Round the...

Harlan made equal payments at the end of each
month
into his RRSP. If interest in his account is
11.1%
compounded
semi-annually,
and the balance after
eleven
years is
$14,000,
what is the size of the
monthly
payment?
The size of the
monthly
payment is
$nothing.
(Round the final answer to the nearest cent as needed. Round
all intermediate values to six decimal places as needed.)

What payment, made at the end of each three months for 13
years, will accumulate to $ 11 comma 300 at 6 % compounded semi
dash annually question mark
The required quarterly payment is $
nothing.
(Round the final answer to the nearest cent as needed. Round
all intermediate values to six decimal places as needed.)

Determine the size of the periodic payment of the following
ordinary general annuity.
Future Value
Payment Period
Term of Annuity
Interest Rate
Conversion Period
$16 comma 500
six months
9 years
11.4%
quarterly
The periodic payment is $
nothing.
(Round the final answer to the nearest cent as needed. Round
all intermediate values to six decimal places as

A
$6600 loan at 11.25% compounded monthly is to be repaid by three
equal payments due 3，6，and 12 months after the date of the loan.
Calculate the size of each payment.

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

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