Question

A company borrows $160000, which will be paid back to the lender
in one payment at the end of 8 years. The company agrees to pay
monthly interest payments at the nominal annual rate of 11%
compounded monthly. At the same time the company sets up a sinking
fund in order to repay the loan at the end of 8 years. The sinking
fund pays interest at an annual nominal interest rate of 15%
compounded monthly. Find the total amount of the monthly payments,
that is, the sum of the interest payment and the sinking fund
payment. **Total monthly payment = $ ???**

Answer #1

A company borrows $170000, which will be paid back to the lender
in one payment at the end of 6 years. The company agrees to pay
yearly interest payments at the nominal annual rate of 13%
compounded yearly. At the same time the company sets up a sinking
fund in order to repay the loan at the end of 6 years. The sinking
fund pays interest at an annual nominal interest rate of 5%
compounded yearly. Find the total amount...

A company borrows $140000, which will be paid back to the lender
in one payment at the end of 12 years. The company agrees to pay
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compounded semi-annually. At the same time the company sets up a
sinking fund in order to repay the loan at the end of 12 years. The
sinking fund pays interest at an annual nominal interest rate of 8%
compounded semi-annually. Find the total amount...

Nicola borrows a $24000 loan from Steve. She agrees to pay
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linearly, resulting in a level repayment of principal at the end of
each year. The interest rate on the loan is 5% over the first 4
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A company borrows $52000 at 10.75% simple interest from State
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of 5 years. In order to meet the 5 year obligation of $52000,the
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A manufacture borrows P2,843,737 with interest at 8%
compounded monthly, and agrees to discharge the loan by a sequence
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DEFERRED ANNUITY.

An investor borrows an amount at an annual effective interest
rate of 5% and will repay all interest and principal in a lump sum
at the end of 20 years. She uses the amount borrowed to purchase a
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Calculate the net gain to the investor at the end of 20 years after...

Ricky borrows X amount for 30 years at nominal rate of
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Smith can repay $300, 000 one of two ways.
? (i) By 25 level annual payments at the end of each year, starting
one year after the
loan is made, at some unknown loan interest rate.
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In a fixed-term, level-payment reverse mortgage,
sometimes called a reverse annuity mortgage, or RAM, a lender
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expects to be repaid from the homeowner's equity when he or she
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Consider a household that owns a $140,000 home free and clear of
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