For how long will Zack have to make payments of $114.00 at the end of every six months to repay a loan of $3460.00 if interest is 4% compounded semi-annually? State your answer in years and months (from 0 to 11 months). Zack will have to make payments for ☐ year(s) and ☐ month(s)
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- For how long will Zack have to make payments of $114.00 at the end of every six months to repay a loan of $3460.00 if interest is 4% compounded semi-annually? State your answer in years and months (from 0 to 11 months). Zack will have to make payments for ☐ year(s) and ☐ month(s).Pedro borrows P300,000.00 from lender ABC today at 12% compounded monthly. To fulfill his obligation to repay the loan, Pedro agreed to start paying the six (6) equal monthly payments starting next month. What will be the amount of his monthly amortization? Construct an amortization schedule. Use a table similar to that found in our textbook. What will be the outstanding balance of his loan at the end of 4 months from today? If Pedro failed to pay the 2nd and 3rd monthly amortization, how much shall he the required single payment on the fifth month in order to fully pay his outstanding obligation? Supposed that he will still not be able pay the single total payment on the Fifth month as stated in question d. above, and assuming further that both parties agree that the outstanding obligations shall instead be paid in 7 equal monthly installments, at 15% compounded monthly, starting on the 9th month, what will the value of such monthly…Alberto acquires a loan of $300,000 to be paid off during 6 years with monthly payments. If the payments are to be done at the beginning of each month, what is the amount of each of these payments? Consider a monthly interest rate of 2% (Round your answer to the nearest cent.)
- Marcus is expected to settle a loan by paying $6,000. What amount should he pay if he decides to settle the loan six months earlier? The interest rate is 2.25% compounded monthly. Round to the nearest centGage is suppose to receive a payment of $480.00 today from Mark. One month from today, Gage should receive a $625.00 payment from Sarza. With Mark not in a position to pay today and Sarza having difficulty coming up with the payment one month from today, they both negotiated with Mark and they will both make their payments 6 months from today. If Gage can get interest rate of 2.95%, what is the total payment that Gage will receive 6 months from today?Luis is expected to settle a loan by paying $5,500. What amount should she pay if she decides to settle the loan seven months earlier? The interest rate is 3.25% compounded monthly.
- Pedro borrows P300,000.00 from lender ABC today at 12% compounded monthly. To fulfill his obligation to repay the loan, Pedro agreed to start paying the six (6) equal monthly payments starting next month. a. What will be the amount of his monthly amortization? b. Construct an amortization schedule. Use a table similar to that found in our textbook. c. What will be the outstanding balance of his loan at the end of 4 months from today? d. If Pedro failed to pay the 2nd and 3rd monthly amortization, how much shall be the required single payment on the fifth month in order to fully pay his outstanding obligation? e. Supposed that he will still not be able pay the single total payment on the Fifth month as stated in question d. above, and assuming further that both parties agree that the outstanding obligations shall instead be paid in 7 equal monthly installments, at 15% compounded monthly, starting on the 9th month, what will the value of such monthly installment be?Pedro borrows P300,000.00 from lender ABC today at 12% compounded monthly. To fulfill his obligation to repay the loan, Pedro agreed to start paying the six (6) equal monthly payments starting next month. a. What will be the amount of his monthly amortization? b. Construct an amortization schedule. Use a table similar to that found in our textbook. c. What will be the outstanding balance of his loan at the end of 4 months from today? d. If Pedro failed to pay the 2nd and 3rd monthly amortization, how much shall be the required single payment on the fifth month in order to fully pay his outstanding obligation? e. Supposed that he will still not be able pay the single total payment on the Fifth month as stated in question d. above, and assuming further that both parties agree that the outstanding obligations shall instead be paid in 7 equal monthly installments, at 15% compounded monthly, starting on the 9th month, what will the value of such monthly installment be?…Chase Boyd plans to borrow $6,000 for 4 years. The loan will be repaid with a single payment after four years, and the interest on the loan will be computed using the simple interest method at an annual rate of 11 percent. How much will Chase have to pay in four years? $ How much will he have to pay at maturity if he's required to make annual interest payments at the end of each year? $
- Suppose that Jacob would like to invest at the end of each month for the next 15 years into an account paying 6.72% compounded monthly in order to accumulate $10,000 at the end of that time? How much money must Jacob deposit into the account each month? How much interest will he have earned?Derrick recently graduated. He owes $17,525 in student loans with APR of 4.6% compounded monthly. He is expected to pay off his loan in 15 years. Round answer to two decimal points a. Under the current terms of his loan what is Derricks minimum payment? b. What is the total amount Derrick will pay when the loan is complete? c. How much will Derrick pay in interest? d. Derrick wants to pay more than the required monthly amount for his loan. Assuming the same conditions of the original student loan what would Derrick new monthly payment would be if he pay off loan in 10 years e. What is the total amount Derrick will pay if they pay off the loan in 10 years? f. With the 10 year loan how much will Derrick pay in interest?A). Sun will be starting a 5-year training program in 23 months’ time. His mother, Moon, has promised him a living allowance of $167.2 per month to help support him during this time. If the interest rate is 9.3 percent per annum, compounded monthly, how much money will Moon need to set aside today to finance Sun’s allowance? Round your answers to two decimal points for all stages of calculation B). A loan amount of $26,044 will be due after 8 years. Tim has a deposit plan to deposit $5,543 at the beginning of each year for the next 8 years. The deposit rate is 10% per annum. Find the deficit or surplus amount from this deposit plan to repay the total loan amount after 8 years if the interest is being compounded monthly. Round your answers to 2 decimal points. C). Your investment in A Limited earned the following returns for the years 1996 to 1999: 30%, 40%, 15% and 7%. What is the variance of returns for this investment? Round your answer to 4 decimal points.