Question

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?

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Answer #1

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 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 loan is repaid in
ten equal annual installments with the first installment paid one
year after the loan is made. The effective annual interest rate is
4%. The total amount of principal repaid in the fifth, sixth, and
seventh payments combined is $6,083. What is the total amount of
interest paid in the second, third, and fourth payments
combined?
Less than $2,000
At least $2,000, but
less than $2,020
At least $2,020, but
less than $2,040
At least $2,040,...

A loan is repaid in 12 equal annual installments, beginning in 1
year.
The effective annual interest rate is 3.5%.
The total amount of principal repaid in the 9th
through 12th payments is $9,503.
What is the amount of interest paid in the 4th
payment? Possible answers are: 725 or 690 or 755 or 395 or 740.
Thanks

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.

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 loan is being repaid over 10 years in equal annual
installments. If the amount of principal in the third payment is
$350, find the principal portion of the eighth payment given
j12 = 8.5% Ans; 534.56

A 25-year loan is being repaid with annual payments of 1,300 at
an annual effective rate of interest of 7%. The borrower pays an
additional 2,600 at the time of the 5th payment and wants to repay
the remaining balance over 15 years.
Calculate the revised annual payment.

Complete an amortization schedule for a $28,000 loan to be
repaid in equal installments at the end of each of the next three
years. The interest rate is 10% compounded annually. If an amount
is zero, enter "0". Do not round intermediate calculations. Round
your answers to the nearest cent.
Beginning
Repayment
Ending
Year
Balance
Payment
Interest
of Principal
Balance
1
$
$
$
$
$
2
3
What percentage...

Complete an amortization schedule for a $44,000 loan to be
repaid in equal installments at the end of each of the next 3
years. The interest rate is 10% compounded annually. If an amount
is zero, enter "0". Do not round intermediate calculations. Round
your answers to the nearest cent.
Beginning
Repayment
Remaining
Year
Balance
Payment
Interest
of Principal
Balance
1
$
$
$
$
$
2
3
What percentage...

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