Find the payment necessary to amortize a 8% loan of $800 compounded quarterly, with 9 quarterly payments. The payment size is $ (Round to the nearest cent.) ...
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- Calculating interest and APR of installment loan. Assuming that interest is the only finance charge, how much interest would be paid on a 5,000 installment loan to be repaid in 36 monthly installments of 166.10? What is the APR on this loan?If Bergen Air Systems takes out a $100,000 loan, with eight equal principal payments due over the next eight years, how much will be accounted for as a current portion of a noncurrent note payable each year?Find the payment necessary to amortize a 4% loan of $900 compounded quarterly, with 15 quarterly payments. The payment size is S
- Find the payment necessary to amortize a 6% loan of $100,000 compounded annually, with 11 annual payments. The payment size is SFind the payment necessary to amoritize a 4% loan of $1600 compounded quarterly, with 9 quarterly payments The payment size is % (Round to the nearest cent.)Find the amount of the payment necessary to amortize a loan of $32,000 at 4% compounded quarterly in 15 payments. Use TVM solver in calculator
- Find the monthly house payments necessary to amortize an 8.4% loan of $181,200 over 15 years. The payment size is $ (Round to the nearest cent.)Consider a loan of $90,000 at 4% compounded annually, with 12 annual payments. Find the following. (a) the payment necessary to amortize the loan (b) the total payments and the total amount of interest paid based on the calculated annual payments (c) the total payments and total amount of interest paid based upon an amortization table. (a) The annual payment needed to amortize this loan is $ (Round to the nearest cent as needed.) (b) The total amount of the payments is S (Round to the nearest cent as needed.) The total amount of interest paid is $ (Round to the nearest cent as needed.) (c) The total payment for this loan from the amortization table is $. (Round to the nearest cent as needed.) The total interest from the amortization table is $ (Round to the nearest cent as needed.)Monthly payments are required on a $45,000 loan at 6.0% compounded monthly. The loan has an amortization period of 15 years (Round your answers to 2 decimal places.) a. Calculate the interest component of Payment 137. Interest component $1 b. Calculate the principal component of Payment 76. Principal component c. Calculate the interest paid in Year 1. Interest paid d. Calculate the interest paid in Year 14. Interest paid