Question
In: Economics
Company X took a loan of $400,000 and wants to know the semiannual payment for the...
Company X took a loan of $400,000 and wants to know the semiannual payment for the next 10 years at the loan interest of 8% per year compounded quarterly.
please find the simiannual payment showing all the steps.
Solutions
Rahul Sunny answered 1 year agoRelated Solutions
A borrower took out a loan of 100,000 and promised to repay it with a payment...
A borrower took out a loan of 100,000 and promised to repay it
with a payment at the end of each year for 30 years.
The amount of each of the first ten payments equals the amount
of interest due. The amount of each of the next ten payments equals
150% of the amount of interest due. The amount of each of the last
ten payments is X.
The lender charges interest at an annual effective rate of
10%.
Calculate...
A borrower took out a loan of 100,000 and promised to repay it with a payment...
A borrower took out a loan of 100,000 and promised to repay it
with a payment at the end of each year for 30 years.
The amount of each of the first ten payments equals the amount
of interest due. The amount of each of the next ten payments equals
150% of the amount of interest due. The amount of each of the last
ten payments is X.
The lender charges interest at an annual effective rate of
10%.
Calculate...
some wants to borrow 400,000 dollars for a house with 20% down payment at 5% compounding...
some wants to borrow 400,000 dollars for a house with
20% down payment at 5% compounding monthly.calculate his monthly
payment and the total interest for each of the following periods :
a- 30 years, b- 15 years. c- compare the savings in interest if
mortgage is for 15years?
Excel Hydro took a loan contract which requires a payment of $40 million plus interest two...
Excel Hydro took a loan contract which requires a payment of
$40 million plus interest two years after the contract's date of
issue. The interest rate on the $40 million face value is 9.6%
compounded quarterly. Before the maturity date, the original lender
sold the contract to a pension fund for $43 million. The sale price
was based on a discount rate of 8.5% compounded semi-annually from
the date of sale.
Excel Hydro is also considering building a nuclear power...
Excel Hydro took a loan contract which requires a payment of $40 million plus interest two...
Excel Hydro took a loan contract which requires a payment of $40
million plus interest two years after the contract's date of issue.
The interest rate on the $40 million face value is 9.6% compounded
quarterly. Before the maturity date, the original lender sold the
contract to a pension fund for $43 million. The sale price was
based on a discount rate of 8.5% compounded semi-annually from the
date of sale.
Excel Hydro is also considering building a nuclear power...
please answer from 6th question Excel Hydro took a loan contract which requires a payment of...
please answer from 6th question
Excel Hydro took a loan contract which requires a payment of
$40 million plus interest two years after the contract's date of
issue. The interest rate on the $40 million face value is 9.6%
compounded quarterly. Before the maturity date, the original lender
sold the contract to a pension fund for $43 million. The sale price
was based on a discount rate of 8.5% compounded semi-annually from
the date of sale.
Excel Hydro is also...
1)When you purchased your car, you took out a five-yearannual-payment loan with an interest...
1)When you purchased your car, you took out a five-year
annual-payment loan with an interest rate of6.5%per year. The annual payment on the car is$4,500.You have just made a payment and have now decided to pay off the
loan by repaying the outstanding balance. What is the payoff amount
for the following scenarios? a.Youhave owned the car for one year (so there are four years left
on the loan)?b. You have owned the car for four years (so there is...
Excel Hydro took a loan contract which requires a payment of $40 million-plus interest two years...
Excel Hydro took a loan contract which requires a payment of $40
million-plus interest two years after the contract's date of issue.
The interest rate on the $40 million face value is 9.6% compounded
quarterly. Before the maturity date, the original lender sold the
contract to a pension fund for $43 million. The sale price was
based on a discount rate of 8.5% compounded semi-annually from the
date of sale.
Excel Hydro is also considering building a nuclear power plant,...
Bianca took out a loan from the bank today for X. She plans to repay this...
Bianca took out a loan from the bank today for X. She plans to
repay this loan by making payments of 44,283 dollars per month for
a certain amount of time. If the interest rate on the loan is 1.35
percent per month, she makes her first payment of 44,283 dollars
later today, and she makes her final monthly payment of 44,283
dollars in 4 months, then what is X, the amount of the loan?
Jabari owns a pet care...
A company currently owes $20,000 to a bank for a loan it took 2 years and...
A company currently owes $20,000 to a bank for a loan it took 2
years and 8 months ago. The interest rate charged on the loan was
5.5% compounded monthly.
a. What was the original principal of the loan?
b. What was the amount of interest charged on the loan?
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