Question

Loan $ 10,000 is repaid with annual level payment at the end of each year for 10

years. If the effective discount rate is ? = 5% (annually). Find the amount of interest in the

third payment (at the end of third / 3rd year)

Answer #1

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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 20-year loan is to be repaid with level payments at the end of
each year. The amount of interest paid in the 5th payment is
103.17. The amount of interest paid in the 13th payment is 57. Find
the amount of interest and principal paid in the 17th payment.
(Answers: 30, 270.)

A loan of $10000 is being repaid with level payments at the end
of each year for 10years. Assuming 10% effective interstate's per
year, the borrower pays an extra x dollars with their 5th payment
which allows the same level payments to exactly pay off the loan
two years earlier. Find X

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 repaid with 10 annual payments of 1,295.05 with the
first payment 1 year after the loan is issued. The loan rate is an
annual effective rate of 5%. The interest portion of payment
t is 328.67. Determine t.

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 of $10,000 is to be repaid by annual payments of $1,000
with the first payment occurring 1 year from now, and continuing as
long as necessary. The last payment is less than the regular
payment and is paid exactly one year after the final regular
payment. If the interest rate is 3% effective, when is the partial
payment made and what is the amount of the partial payment?

Financial Math: A 20-year loan is being repaid by annual
payments of 2000, 2500, 3000, 3500, ... at end of each year. If the
present value of the seventh and eighth payments are equal. (a)
Find the annual effective interest rate. (b) Find the principal and
interest paid in the third annual payment.
Please show algebraic work not just excel.

A 10-year loan in the amount of $527,000 is to be repaid in
equal annual payments. What is the remaining principal balance
after the sixth payment if the interest rate is 5 percent,
compounded annually?
Show work.

please answer all questions!!!
1. A loan may be repaid using the following two options of
payments: i) Payments of 2,000 at the end of each year for eighteen
years ii) Payments of 2,500 at the end of each year for nine years.
Which of the following is closest to the effective annual interest
rate being paid on the loan?
A. 14% B. 17%. C. 20%. D.23%. E. 26%
2. A loan is being repaid by payments of 1100 at...

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