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In: Finance
Mary takes a loan for 5 years to be repaid by level end of year payments...
Mary takes a loan for 5 years to be repaid by level end of year payments of R. The interest paid in the third payment was 136.16 and the interest paid in the 5 th payment was 47.62. Please find the amount of principal paid in the fourth payment P4.
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jeff jeffy answered 5 months agoRelated Solutions
Reggie takes a loan for 5 years to be repaid by level end of year payments...
Reggie takes a loan for 5 years to be repaid by level end of
year payments of R. The interest paid in the third payment was
136.16 and the interest paid in the 5th payment was
47.62. Please find the amount of principal paid in the fourth
payment P4.
don't copy and paste
A $1000 loan is being repaid with level payments at the end of each year for...
A $1000 loan is being repaid with level payments at the end of
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year. Create a sinking fund table for this payment plan. Include a
column for the period, interest paid that period, sinking fund
deposit that period, interest earned in the sinking fund that
period and the balance in the sinking fund at...
A 18 year loan is being repaid with level payments at the end of each month....
A 18 year loan is being repaid with level payments at the end of
each month. The loan rate of interest is 15.6% compounded monthly.
In which month is the interest portion approximately equal to 5
times principal the portion? Give an integer answer.
Donald takes out a loan to be repaid with annual payments of $500 at the end...
Donald takes out a loan to be repaid with annual payments of
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the interest paid in year n + 1 is equal to $720. Calculate the
amount of interest paid in year 10.
A loan of €50,000 is being repaid with monthly level payments at the end of each...
A loan of €50,000 is being repaid with monthly level payments at
the end of each year for 6 years at 5% effective rate. Just after
making the payment of the second annuity, it is decided to change
the amortization method, the loan is being repaid with constant
annual principal repayments for the remaining 3 years at an
interest rate of 4.5%.
A) find the outstanding debt just after the payment of the third
annuity
A loan of €50,000 is being repaid with monthly level payments at the end of each...
A loan of €50,000 is being repaid with monthly level payments at
the end of each year for 6 years at 5% effective rate. Just after
making the payment of the second annuity, it is decided to change
the amortization method, the loan is being repaid with constant
annual principal repayments for the remaining 3 years at an
interest rate of 4.5%.
find the outstanding debt just after the payment of the third
annuity
A 10-year loan of 120,000 is to be repaid with payments at the end of each...
A 10-year loan of 120,000 is to be repaid with payments at the
end of each month. Interest is at an annual effective rate of
6.00%.
The first monthly payment is 800. Each additional payment will
be k more than the previous month payment. Find
k.
A loan of $5000 is repaid with annual payments at the end of each year of...
A loan of $5000 is repaid with annual payments at the end of
each year of $1200,$800,$1300 and X. Assume the loan has 10%
effective interest per year. a) Determine X b) Determine the amount
of interest paid with the third payment.
a 30 year loan of 1000 is repaid with payments at the end of each year....
a 30 year loan of 1000 is repaid with payments at the end of
each year. Each of the first 10 payments equals the amount of
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lender charges interest at an effective annual rate of 10%.
Calculate X.
please explain, having much trouble with this problem,
Thanks!
A 30-year loan of 1,000 is repaid with payments at the end of each year. Each...
A 30-year loan of 1,000 is repaid with payments at the end of
each year. Each of the first ten payments equals the amount of
interest due. Each of the next ten payments equals 150% of the
amount of interst due. Each of the last ten payments is X. The
lender charges interest at an annual effective rate of 10%.
Calculate X.
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