suppose you paid off a 1200 loan by paying 400 in principal each year plus 10...

suppose you paid off a 1200 loan by paying 400 in principal each year plus 10 percent annual interest over a 3 year period. what is the total payment (interest plus principal) in Year 3

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A 20 year loan of $120, 000 at i = 6% is paid off by paying...

A 20 year loan of $120, 000 at i = 6% is paid off by paying 130% of each year’s interest at the end of each year for the first 12 years, and then for the next 8 years pay off the loan by paying off constant principle at the end of each year. Find the value of the last payment.

Suppose you have the option to extend a loan to a friend this year for $1000 in exchange for repayment next year of $1100 (the $1100 is the principal plus interest).

Suppose you have the option to extend a loan to a friend this year for $1000 in exchange for repayment next year of $1100 (the $1100 is the principal plus interest). Every year, however, the friend has the option to borrow $1000 again in exchange for $1100 repayment one year later, i.e. the friend can roll over the debt. You know this friend well and know that he will always roll over the debt and will never default.a. Assume neither...

You are the loan department supervisor for a bank. This installment loan is being paid off...

You are the loan department supervisor for a bank. This installment loan is being paid off early, and it is your task to calculate the rebate fraction, the finance charge rebate (in $), and the payoff for the loan (in $). (Round dollars to the nearest cent.) Amount Financed Number of Payments Monthly Payment Payments Made Rebate Fraction Finance Charge Rebate Loan Payoff $1,700 18 $128.89 13 - $ $

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...

Suppose you negotiate a one-year loan with a principal of $1000 and the nominal interest rate...

Suppose you negotiate a one-year loan with a principal of $1000 and the nominal interest rate is currently 7 % . You expect the inflation rate to be 3 % over the next year When you repay the principal plus interest at the end of the year, the actual inflation rate is 2.5 % . Compute the ex ante and ex post real interest rate , who benefits from this unexpected decreasc in inflation? Who loses? Calculate and explain.

You borrow $24,000 to buy a car. The loan is to be paid off in quarterly...

You borrow $24,000 to buy a car. The loan is to be paid off in quarterly installments over four years at 10 percent interest annually. The first payment is due one quarter from today. What is the amount of each quarterly payment? a) $1,745 b) $1,794 c) $1,838 d) $1,876 I need the hand-written formula, not the calculator input.

you are taking out a loan today of 10000 dollars. it will be paid off with...

you are taking out a loan today of 10000 dollars. it will be paid off with three annual payments, and it has an interest rate of 8% . For each of the next three years, calculate the beginning balance, interest paid, principal paid, and ending balance

2) A 30 year $100, 000 loan with i = 9% is to be paid off...

2) A 30 year $100, 000 loan with i = 9% is to be paid off with yearly payments beginning one year after the loan is made. The first 20 payments are K and the last 10 payments are 4K. Find K. Also for the first four full years make an amortization table and explain why for each year principle repaid is negative.

A 5-year, 10%, $500,000 loan requires equal principal payments in years 4 and 5 ($250,000 each...

A 5-year, 10%, $500,000 loan requires equal principal payments in years 4 and 5 ($250,000 each year). Show the cash flows (interest and principal payments) for years 1-5.

Since the state of emergency is set, a metal rod leads 1200 J off a 400...

Since the state of emergency is set, a metal rod leads 1200 J off a 400 K reservoir to one with a temperature of 250 K for a certain amount time interval. Determine the entropy change before the hot reservoir; the cold reservoir; the metal rod and the whole system. Determine the change in entropy for each of the following processes: 1.0 kg of water at a temperature of 100◦C transfers to steam with the temperature 100◦C at constant pressure.1.0...

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