Assume a loan of $30,000, 36 months, 6.5% interest. Generate a table of payments showing the...

Assume a loan of $30,000, 36 months, 6.5% interest. Generate a table of payments showing the principal payment and the interest payment for each of the 36 months.

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A loan of $30,000 is paid off in 36 payments at the end of each month...

A loan of $30,000 is paid off in 36 payments at the end of each month in the following way: Payments of $750 are made at the end of the month for the first 12 months. Payments of $750 + x are made at the end of the month for the second 12 months. Payments of $750 + 2x are made at the end of the month for the last 12 months. What should x be if the nominal monthly...

Amortize a $35,000 car loan with a 5% annual interest rate and payments for 60 months...

Amortize a $35,000 car loan with a 5% annual interest rate and payments for 60 months (4) What is the monthly payment? (5) What will the balance on the loan be after 2 years of payments? (Assume that you just took out the loan) (6) How many months will it be before the car is halfway paid off?

Calculate the monthly payments on a car loan of $25,000 financed at an APR of 6.5%...

Calculate the monthly payments on a car loan of $25,000 financed at an APR of 6.5% for 36 months, rounded to nearest cent.

loan of EGP 80,000 is taken out. Interest payments are due every 3 months at j4=...

loan of EGP 80,000 is taken out. Interest payments are due every 3 months at j4= 10%. A sinking fund is set up to pay back the EGP 80,000 in one lump sum at the end of 5 years. The sinking fund earns j4 = 12 % and deposits are made quarterly. Find the quarterly debt expense.

If a loan was repaid by semi-annual payments of $4710.00 in 6.5 years at 8.34% compounded...

If a loan was repaid by semi-annual payments of $4710.00 in 6.5 years at 8.34% compounded quarterly, how much interest was paid?

A loan of EGP 30,000 is to be amortized with 10 equal monthly payments at j12...

A loan of EGP 30,000 is to be amortized with 10 equal monthly payments at j12 = 12%. Find the outstanding principal after paying the third monthly payment. choose: 21310.04 3167.9 24235.56

A man has a loan of 50,000 for 10 years ay 6.5% annually with annual payments....

A man has a loan of 50,000 for 10 years ay 6.5% annually with annual payments. His payments are 4500 for the first 5 years and X for the next 5 years. Find X.

Sophie received a loan of $28,000 at 6.5% compounded quarterly. She had to make payments at...

Sophie received a loan of $28,000 at 6.5% compounded quarterly. She had to make payments at the end of every quarter for a period of 8 years to settle the loan. a. Calculate the size of payments. Round to the nearest cent b. Fill in the partial amortization schedule for the loan, rounding your answers to two decimal places. Payment Number Payment Interest Portion Principal Portion Principal Balance 0 $28,000.00 1 2 : : : : : : : :...

Ali received a loan of $28,000 at 6.5% compounded quarterly. He had to make payments at...

Ali received a loan of $28,000 at 6.5% compounded quarterly. He had to make payments at the end of every quarter for a period of 8 years to settle the loan. a. Calculate the size of payments. Round to the nearest cent b. Fill in the partial amortization schedule for the loan, rounding your answers to two decimal places. Payment Number Payment Interest Portion Principal Portion Principal Balance 0 $28,000.00 1 2 : : : : : : : :...

For 50000, Smith purchases a 36-payment annuity-immediate with monthly payments. Assume an effective annual interest rate...

For 50000, Smith purchases a 36-payment annuity-immediate with monthly payments. Assume an effective annual interest rate of 12.68%. For each of the following cases find the unknown amount X. (a) The first payment is X and each subsequent payment is 50 more than the previous one. (b) The first payment is X and each subsequent payment until the 18th pay- ment (and including the 18th payment) is 0.2% larger than the previous one. After the 18th payment, each subsequent payment...

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