Question

you
took our a student loan in college and now have to pay $1,600 every
year for 15 years starting one year from now. the annual interest
rate on the loan is 4%. what is the present value of the 15 yearly
payments?

Answer #1

Solution:-

**To Calculate
Present Value-**

Present Value =

Present Value =

Present Value =

Present Value =

**Present Value =
$17,789.42**

**Present Value of 15 years Payments is
$17,789.42**

If you have any query related to question then feel free to ask me in a comment.Thanks. Please rate.

you
took our some student loan in college and now owe $15,000. you
consolidated the loans into one amortizing loan, who has annual
interest rate of 5%(apr) if you make monthly payments of $200 how
many months will it take to pay off the loan? fractional values are
acceptable

You took out some students loan in college and now owe $9,000.
You consolidated the loans into one amortizing loan, which has an
annual interest rate of 3% (APR).
If you make monthly payments of $200, how many months will it
take to pay off the loan?

Years ago, Kim took out a student loan for $80,000 to pay her
college tuition. She graduated and began making payments on her
student loan. In 2018, Kim made 12 payments of $4,500, which
included $1,900 of interest and $2,600 of principal. How much is
Kim’s student loan interest deduction? Her AGI is $70,000 for the
year.

You are graduating from medical school today. You took out a
$65,000 student loan at the beginning of each school year for the
past four years. Since they were student loans, you were not
obligated to make any payments until now. You will begin making
monthly payments in a month to pay back the loan in the next 15
years. The interest rate of the loan is 5%. How much is your
monthly payment? To simplify the problem, assume that...

You are graduating from medical school today. You took out a
$75,000 student loan at the beginning of each school year for the
past four years. Since they were student loans, you were not
obligated to make any payments until now. You will begin making
monthly payments in a month to pay back the loan in the next 20
years. The interest rate of the loan is 6%. How much is your
monthly payment? To simplify the problem, assume that...

You are graduating from medical school today. You took out a
$75,000 student loan at the beginning of each school year for the
past four years. Since they were student loans, you were not
obligated to make any payments until now. You will begin making
monthly payments in a month to pay back the loan in the next 20
years. The interest rate of the loan is 6%. How much is your
monthly payment? To simplify the problem, assume that...

You are graduating from medical school today. You took
out a $50,000 student loan at the beginning of each school year for
the past four years. Since they were student loans, you were not
obligated to make any payments until now. You will begin making
monthly payments in a month to pay back the loan in the next 10
years. The interest rate of the loan is 5%. How much is your
monthly payment?To simplify the problem, assume that the...

When you purchased your? car, you took out a? five-year
annual-payment loan with an interest rate of 5.7% per year. The
annual payment on the car is $4,900.
You have just made a payment and have now decided to pay off the
loan by repaying the outstanding balance. What is the payoff amount
for the following? scenarios?
a.You have owned the car for one year? (so
there are four years left on the? loan)?
b. You have owned the car...

If I borrow $80,000 in loans for college and have to pay back
the loan every month for 15 years after graduation. If the rate is
8%, what is the amount of my monthly loan payment?
Please explain to me how I would enter this information on Excel
and how I can solve it. Thank you!

When you purchased your car, you took out a five-year
annual-payment loan with an interest rate of 5.9 % per year. The
annual payment on the car is $ 5,100. You have just made a payment
and have now decided to pay off the loan by repaying the
outstanding balance. What is the payoff amount for the following
scenarios? a. You have owned the car for one year (so there are
four years left on the loan)? b. You have...

ADVERTISEMENT

Get Answers For Free

Most questions answered within 1 hours.

ADVERTISEMENT

asked 50 seconds ago

asked 6 minutes ago

asked 7 minutes ago

asked 13 minutes ago

asked 19 minutes ago

asked 28 minutes ago

asked 30 minutes ago

asked 43 minutes ago

asked 44 minutes ago

asked 49 minutes ago

asked 49 minutes ago

asked 50 minutes ago