Question

A
loan was repaid over seven years by end-of-month payments of $450.
If interest was 12% compounded monthly, how much interest was paid?

can you please do my question with TI BA calculator.

Answer #1

A loan was repaid over seven years by end-of-month payments of
$450. If interest was 12% compounded monthly, how much interest was
paid?

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 loan of 620,000 is to be repaid in 30 years by month-end
repayments starting in one month. The interest rate is 4.8% p.a.
compounded monthly. Calculate the interest paid in Year 5. (between
the end of month 48 and the end of month 60). Correct your answer
to the nearest cent without any units. (Do not use "$" or "," in
your answer. e.g. 12345.67) (Hint: you can use Excel to find the
answer.).

. I saved $3,500 per six month period for seven years into my
savings account earning 2% compounded annually. After the seven
years, I stopped making contributions, but left the money in the
bank for another five years, at 2.4% compounded annually.
How much do I have in my account at the end of this twelve year
period?
b) How much interest
did I earn over the 12 year period?
Calculate using ba 2 plus calculator

Question 1
Jack took a $ 5,000 loan, which he repaid in
monthly installments over seven
months. Payments were always made at the end of
the month (each payment month was 1/12 part of the year)
so that the first repayment was made 4 months after the loan was
drawn down. Each equal installment consisted of an installment of
the loan amount of $ 5,000 / 7 and an interest component of $ 30
and an account management fee of...

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 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.

Question 1
Jack took a $ 5,000 loan, which he repaid in
monthly installments over seven
months. Payments were always made at the end of
the month (each payment month was 1/12 part of the year)
so that the first repayment was made 4 months after the loan was
drawn down. Each equal installment consisted of an installment of
the loan amount of $ 5,000 / 7 and an interest component of $ 30
and an account management fee of...

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.

You are taking out a $100,000 mortgage loan to be repaid over
25 years in 300 monthly payments.
a. If the interest rate is 16% per year, what is the amount of
the monthly payment?
b. If you can only afford to pay $1,000 per month, how large a
loan could you afford to take?
c. If you can afford to pay $1,500 per month and need to
borrow $100,000, how many months would it take to pay off the...

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