Question

Eve borrows 10,000. The loan is being repaid with the following sequence of monthly payments: 100, 150, 100, 150, 100, 150, etc. The annual nominal interest rate is 7.8% payable monthly. Calculate the amount of principal repaid in the 13th payment.

Answer #1

The amount of principal repaid in the 13th payment in 39.84

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 100,000 loan is being repaid in 360 monthly installments at a
9% nominal annual interest rate compounded monthly. The first
payment is due at the end of the first month. Determine which
payment is the first where the amount of principal repaid exceeds
the amount of interest paid.
266th
267th
268th
269th
270th

A local organization borrows $1,000, and the loan is to be
repaid in 6 equal payments at each of the next 6 years with monthly
compounding. The lender is charging a 12 percent annual interest
rate on the loan. Calculate the monthly payment and construct the
amortization table for the first three months only.

A loan of 10,000 is being repaid with payments of 500 starting
one month after the loan is made and lasting as long as necessary.
A final smaller payment is made one month after the last regular
payment of 500. What is the amount of the additional smaller
payment using an interest rate of 12% compounded monthly?

A loan is repaid with monthly payments for five years, the
payments beginning exactly one year after the loan is made. The
payments are each $1,000 in the monthly payments. If the interest
rate on the loan is a nominal rate of 6% convertible monthly find
the amount of principal in the 42nd paymen

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 $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.

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...

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 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?

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