Find the future value of this loan: $20,862 at 11.4% for 14 months. Group of answer choices A. $23636.65 B. $25657.00 C. $263536.51 D. $40,000.00

Q: Carly took out a $8,900, three-year loan with an APR of 8.25%. What is the total amount of payments?…

A: Loans are paid by the monthly payments these carry the varying amount of payment for interest and…

Q: Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.)…

A: Given, PV = $60000 N = 3 years I/Y  =  8% FV = 0 We need to compute PMT

Q: An amount of P14,000 is borrowed at a discount rate of 10%, find the proceeds if the length of the…

A: Par value = P14000 Discount rate = 10% Period = 180 Days

Q: Montross Inc. needs to raise $300,000 for a nine-month term. Montross’s bank has offered to lend…

A: As posted multiple questions we are answering only one question kindly repost the unanswered…

Q: s out a loan with monthly payments of €500 for a period of four years with first payment made today.…

A: The given problem can be solved using PV function in excel. PV function computes loan amount for…

Q: JG Asset Services is recommending that you invest $1,400 in a 5-year certificate of deposit (CD)…

A: Solution:- When an amount is invested somewhere, it earns interest on it. The amount initially…

Q: A loan of $A is taken out today at j4 = 6%, repaid over n-years with quarterly payments of $2793.28.…

A: An amortized loan is a type of loan with scheduled, periodic payments that are applied to both the…

Q: Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.)…

A: Amortization Schedule is a complete table of loan showing payments of interest and payment of…

Q: 4. Consider the following financing information for a loan of $103,000: Item Value S103,000 2 years…

A: Interest rate refers to a proportion of interest charged by a lender on loan value to the receiver

Q: Discount loan. Up-Front Bank is now offering a two-year discount loan for 9.8%. Working backwards,…

A: Loan is financial agreement where a person (lender) lends lump-sum money to other person (borrower)…

Q: Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.)…

A: Amortization schedule: It shows the periodic loan payments with the amount of principal and interest…

Q: If ABC company takes the 6- year-old investment loan of 6000 TL with 24% interest, How 13- much will…

A: The rate of interest is: r= 24%2=12 Time is t= 6×2= 12 years

Q: What is the maturity value of a $7,500 loan for 16 months at 4.8% compounded monthly? Also. how much…

A: Future value is the worth of any asset or any sum of money at a future date when such asset or money…

Q: M=(Lr[1+(r)/(12)]^((12t)))/(12[(1+(r)/(12))^(12t)-1]) Where: L = the loan amount in dollars r = the…

A: Honor code: Hello. Since your question has multiple sub-parts, we will solve the first three…

Q: Hanzalah took a loan of RMx from Bank ABC at interest rate of 4.5% compounded monthly. After 10…

A: A loan is a debt amount borrowed by one person from another person at a pre-determined interest…

Q: w much is the compound effective annual interest?

A: An Effective Annual Interest Rate is defined as an interest rate, which used to adjust regarding…

Q: Nina takes a fixed-rate, 30-year loan with a monthly payment of $1,300.00. The amount financed was…

A: Given  Monthly payment =$130000 year =30 amount financed =$180000

Q: An amount of P14,000 is borrowed at a discount rate of 10%, find the proceeds if the length of the…

A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…

Q: The financial officer of Toys and Noise arranges a loan of $8,500, at 8.5% interest, for 35 months.…

A: Simple interest is a quick and easy method of calculating the interest charge on a loan. Simple…

Q: Calculate the amount of interest to be paid on a $50,000 loan over the next 28 months if money earns…

A: simple interest formula: I =P×R×T100where,P = PRINCIPALR = RATE OF INTERESTT = TIME IN YEARS

Q: 2. Two commercial banks offering investment proposal to Earlybird Merchandising as follows; Bank 1:…

A: We  will  use the below formula to determine the future value of the investment proposals, FV   =…

Q: Compute the rate (in %) for the loan. Round answers to the nearest tenth of a percent; use ordinary…

A: We need to use ordinary interest formula to solve this problem Simple/ordinary interest…

Q: Consider a loan of $8,000 charging interest at j12-6% with monthly payments of $321.50 Calculate the…

A: Amount of Loan =$8000 Interest rate = 6% per annum Interest rate per month = 6%/12= 0.50%

Q: An amount of P14,000 is borrowed at a discount rate of 10%, find the proceeds if the length of the…

A: A bank discount is a discount charged by the Bank on the loan given to the customer. On maturity,…

Q: Anny takes out a loan of $1,400, at 4% interest, for 42 months. Use the formula  MV = P + I  to find…

A: NOTE: Since you have asked multiple questions, we will solve the first question for you. If you want…

Q: 3) A loan of P50k requires quarter payments of P2875 over 10-year period. These payments include…

A: Loan amount = P 50,000 Quarterly payment = P 2875 Period = 10 Years Number  of quarterly payments =…

Q: 0. Devon takes out a loan of $1,500, at  5 1 2%  simple interest, for 53 months. What is the…

A: Maturity value can be calculated by using this equation  Maturity value =Principal*(1+rate*time)

Q: Study this case and answer question asked below: You have the following quotes from Bank A & Bank B…

A: Given: Particulars Bank A Bank B USD/CHF 1.4650 1.4655 1.4653 1.4660 GBP/USD 1.7645 1.7660…

Q: A borrower and lender agree on a negative-amortizing loan in the amount of $300,000 at 4% interest…

A: Given, The loan amount is $300,000 Rate of interest is 4% Term of loan is 30 years Amount at…

Q: 2. If $120,000 is borrowed to AIB at 15% interest to be paid back over 20 years, how much of the…

A: Annual worth distributes present worth into equivalent uniform value over its useful life.

Q: Loan payments of $500 due today and $400 due in 9 months are to be combined into a single payment 6…

A: The loan is the amount that has borrowed from one party from another party on the specific period…

Q: ABC will be acquiring a P4,000,000 loan from XYZ Bank. 13. The detail are 6‐month term, 3% interest,…

A: An effective annual interest rate is defined as an interest rate, which used to adjust regarding…

Q: A firm borrows 2,000 for 6 years at 8%. At the end of 6 years, it renews the loan for the amount due…

A: We need to use the concept of time value of money here. We will first have to find the amount at the…

Q: Consider a loan of $7800 at 6.4% compounded semiannually, with 18 semiannual payments. Find the…

A: We need to use loan amortization formula given below to calculate size of semi-annual payment. PMT…

Q: ABC is inclined to take a bank loan that has a face amount of P5,000,000, a term of 6 months,…

A: Generally, The loan is paid out off several Installments. Based on the credit history of borrower,…

Q: How much is the loan amount if you need to borrow $350,000 for one year with 9% single payment…

A: Given: Need to borrow = $350,000 Compensating balance = 15% Interest rate = 9%

Q: A bank has agreed to lend you $127,800 for a home loan. The loan will be fully amortized over 57…

A: Amortization is a term used in business to describe the process of spreading payments out over time.…

Q: Crab State Bank has offered you a $1,500,000 5-year loan at an interest rate of 9.25 percent,…

A: The following information given in the question: Loan amount $1,500,000  P Loan term (in years)…

Q: Mr. Haitham takes a loan from Bank Muscat for which the repayment period is 10 months. This is an…

A: Long term loans are the loans which have repayment period more than 5 years.

Q: . Estimate the duration of Loan MBank Balance SheetCash = $ 50Loan M (7%, 6 years) = $200Deposit N…

A: Given information: Loan M (7%, 6 years) is $200

Q: What is the interest rate on a loan of $52,000 for 54 days that yields $780.00 interest? Group of…

A: Loan (L) = $52000 n = 54 days Let r = Interest rate

Q: 12.) Find the simple interest on a loan of P65,000.00 if the loan is given at a rate of 8% andis due…

A: Since you have asked multiple questions, we will answer the first question for you. If you want any…

Q: A loan of $A is taken out today at j4 = 6%, repaid over n-years with quarterly payments of $2793.28.…

A: An amortized loan is a type of loan with scheduled, periodic payments that are applied to both the…

Q: Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.)…

A: A type of loan in which the borrower has to make a schedule for the periodic payment regarding both…

Q: payment and the total interest for a four-year loan of $12,000 at me monthly a. 8.5% b. 8.75% с. 9%…

A: Repayment of loan is made in fixed installments which include interest payment and also part of…

Q: ABC’s bank offered a loan with conditions of a P5,000,000 face amount, 6-month term, 4% interest…

A: The annual effective rate is the actual rate of interest which is implied on the principal amount.…

Q: Navy Bank requires borrowers to keep a 13 percent compensating balance. Gorman Jewels borrow…

A: Interest = amount borrowed x rate of interest = $380000 x 6% = $22800

Mortgages

A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.

Mortgage

The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.