Question

A manufacture borrows P2,843,737 with interest at 8%
compounded monthly, and agrees to discharge the loan by a sequence
of equal monthly payments for 5 years with the first payment at the
beginning of the 4th year. Find the periodic payment.

DEFERRED ANNUITY.

Answer #1

please give mi like

A)A sequence of quarterly payments o P6,267 each, with the first
payment due at the end of 2 years and the last payment at the end
of 13 years. Find the present worth of these payments if money is
worth 5% compounded quarterly.
B)A manufacture borrows P2,211,340 with interest at 6%
compounded monthly, and agrees to discharge the loan by a sequence
of equal monthly payments for 4 years with the first payment at the
beginning of the 4th year. Find...

ANSWER THE FOLLOWING:
A)A sequence of quarterly payments o P6,267 each, with the first
payment due at the end of 2 years and the last payment at the end
of 13 years. Find the present worth of these payments if money is
worth 5% compounded quarterly.
B)A manufacture borrows P2,211,340 with interest at 6%
compounded monthly, and agrees to discharge the loan by a sequence
of equal monthly payments for 4 years with the first payment at the
beginning of...

A man borrows $120,000 to buy a home. The interest rate is 4.1%,
compounded monthly, and the loan period is 30 years. a) What will
be the monthly payment (360 equal payments) for the life of the
loan? b) What will be the effective annual interest rate, ieff ? c)
How much of the first payment will be interest? d) How much of the
fiftieth (50th) payment will be interest? [Try not to put problem
on a spreadsheet to find...

A woman borrows $4000 at 12% compounded monthly, which is to
be amortized over 3 years in equal monthly payments. For tax
purposes, she needs to know the amount of interest paid during each
year of the loan. Find the interest paid during the first year,
the second year, and the third year of the loan.

Nicola borrows a $24000 loan from Steve. She agrees to pay
interest on the loan at the end of each year for 8 years, and will
repay the capital by accumulation of a sinking fund. The sinking
fund deposits are such that the net amount of the loan decreases
linearly, resulting in a level repayment of principal at the end of
each year. The interest rate on the loan is 5% over the first 4
years and 4.5% over the...

A $10000 loan has an interest rate of 12% per year, compounded
monthly, and 30 equal monthly payments are required.
a) If payments begin at the end of the first month, what is the
value of each payment?
b) How much interest is in the 10th payment?
c) What would you enter into Excel to solve part b?
d) What is the unpaid balance immediately after the 10th
payment?
e) If the 30 loan payments are deferred and begin at...

A man borrowed $300 000 with interest at the rate of 6%
compounded semi-annually. He agrees to discharge his obligations by
paying a series of 8 equal payments , the first being due at the
end of 5 ½ years. Find the semi-annual payments.
*CASH FLOW Diagram Needed

A company borrows $160000, which will be paid back to the lender
in one payment at the end of 8 years. The company agrees to pay
monthly interest payments at the nominal annual rate of 11%
compounded monthly. At the same time the company sets up a sinking
fund in order to repay the loan at the end of 8 years. The sinking
fund pays interest at an annual nominal interest rate of 15%
compounded monthly. Find the total amount...

Ricky borrows X amount for 30 years at nominal rate of
12% compounded monthly from BANKFB. If he pays the principal as
equal monthly installments for 30 years and on top of this payment,
he pays every month the interest on the outstanding balance.
Immediate after 200th payment, the BANK FB sells the contract on
the future payments to BANK SD at a price of 102,891.65. Find the
value of the initial loan amount X.

ABC
Bank made a loan to XYZ, Inc. at a rate of 5.04%, compounded
monthly, payable in equal monthly payments over a 15 year period.
This resulted in a loan payment of $1,585.76, the first payment of
which occurred one month after the loan was issued. XYZ, Inc. made
payments over a period of 7 years and decided to refinance the loan
because of lower interest rates. Assume the refinance was based on
the remaining 8 years of the loan...

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