Question

Jed wants to borrow

$1,000

from you. He is proposing to repay you with three annual payments of

$347.03

starting one year from

now.

In addition, he will make a final lump-sum payment of

$120

three years from

today.

What rate of return are you earning on the loan?

What rate of return are you earning on the loan?

Answer #1

**Rate of Return = 7.4506%**

jed wants to borrow 1000 from me. he is proposing to
repay me with 3 annual payments of 296.20 starting immediately. in
addition, he will make a final lump sum payment of 180 three years
from today. what rate of return am I earning on the loan ?
percentage rounded to two decimal places

You borrow $100,000 today. You will repay the loan with 20 equal
annual payments starting in year 3 If the interest rate on the loan
is 5% APR, compounded annually, how big is each payment?

Your friend wants to borrow money from you. He proposes to repay
his debt in 5 monthly installments of $200, starting from month 4
(i.e., the first payment will occur at the end of month 4). If the
monthly interest rate on your savings account is 1%, how much would
you lend your friend at most? Round your result to the nearest
cent, and do not use a $ sign (i.e., if the result is $1012.4671,
enter it as 1012.47).

Your friend wants to borrow money from you. He proposes to repay
his debt in 4 monthly installments of $100, starting this month
(i.e., the first payment will occur at the end of month 1). If the
monthly interest rate on your savings account is 1.5%, how much
would you lend your friend at most? Round your result to the
nearest cent, and do not use a $ sign (i.e., if the result is
$1012.4671, enter it as 1012.47)...

A friend wants to borrow money from you. He states that he will
pay you $3,800 every 6 months for 13 years with the first payment
exactly 6 years and six months from today. The interest rate is 6.1
percent compounded semiannually. What is the value of the payments
today?

A friend wants to borrow money from you. He states that he will
pay you $3,600 every 6 months for 11 years with the first payment
exactly 4 years and six months from today. The interest rate is an
APR of 5.9 percent with semiannual compounding. What is the value
of the payments today?

A friend wants to borrow money from you. He states that he will
pay you $3,400 every 6 months for 9 years with the first payment
exactly 7 years and six months from today. The interest rate is 5.7
percent compounded semiannually. What is the value of the payments
today?
$32,128.58
$33,021.49
$35,079.17
$31,070.77
$31,956.28

Your Uncle Bob has arranged a loan at the Bank for $1,000 which
he will repay in 10 equal annual payments at a 10% interest rate.
Immediately after his 3rd payment, he calls the banker to enquire
about borrowing another $500. He tells the banker that he can’t
afford for the payment to go up too dramatically and he offers to
let him repay the remaining debt on the original loan plus the new
$500 loan in 12 equal annual...

You are the loan officer of a bank. The ABC Company wants to
borrow $100,000 and repay it with four equal annual payments (first
payment due one year from now). You decide that the ABC Company
should pay 0.10 per year on the loan.
a. What is the annual payment?
b. Complete the following debt amortization table:
Period
Amount owed(beginnig of yr)
Interest
Principal
Amount owed(end of yr)
1
$100,000
2
3
4
c. What would be the annual payment...

If you borrow $1,800 and agree to repay the loan in four equal
annual payments at an interest rate of 10%, what will your payment
be? (Do not round intermediate calculations. Round your
answer to 2 decimal places.)
b. What will your payment be if you make the first
payment on the loan immediately instead of at the end of the first
year? (Do not round intermediate calculations. Round your
answer to 2 decimal places.)

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