you took a loan of 5000000 for a period of 5 years at an interest rate...

you took a loan of 5000000 for a period of 5 years at an interest rate of 10% requires you to make equal annual instalments make an amortization schedule

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Yassine took a loan of $6,744.29. The rate of interest is 5% compounded annually. The loan...

Yassine took a loan of $6,744.29. The rate of interest is 5% compounded annually. The loan is to be repaid by annual payments of $500 at the end of each year for 23 years. What is the outstanding balance of the loan after the third payment?

If you accept a car loan of $20,000 for 5 years at an interest rate of...

If you accept a car loan of $20,000 for 5 years at an interest rate of 3%, what is the monthly payment?

You took a loan to buy a new car. The monthly interest rate on the loan...

You took a loan to buy a new car. The monthly interest rate on the loan is 1.5% and you have to pay $240 every month for 60 months 1)What is the Present value of the Cash flows if its an ordinary annuity? 2)What is the future value of cash flows if its an ordinary annuity? 3)What is the present value of the cash flows if its an annuity due? 4)What is the future value of cash flows if its...

Amanda took a loan of ???10,000 from a bank at 5% interest rate compounded quarterly. The...

Amanda took a loan of ???10,000 from a bank at 5% interest rate compounded quarterly. The loan is to be amortised by equal quarterly payments over 1year, 3months time. i. Find the regular payment Amanda would make. ii. Construct an amortization schedule for the payment of the loan. A. Amanda took a loan of ???10,000 from a bank at 5% interest rate compounded quarterly. The loan is to be amortised by equal quarterly payments over 1year, 3months time. i. Find...

Michael took out a loan for $35,500 today. The interest rate on the loan was an...

Michael took out a loan for $35,500 today. The interest rate on the loan was an APR of 12% compounded monthly. Michael pays annual payments of $9,800, how many years will it take before Michael pays back the loan? a. 4.56 b. 5.03 c. 6.25 d. 8.10 e. 5.15

Suppose you have an interest only loan for $30,000 over 5 years. Should the interest rate...

Suppose you have an interest only loan for $30,000 over 5 years. Should the interest rate be an APR of 7%, compounded monthly, what is the monthly payment in all but the final month? Consider an annuity that pays equal monthly payments of $600 for the next 30 years. Given this, and an APR of 5%, compounded monthly, what would you pay for this today?

This morning, you took out a loan of $386,000 to purchase a home. The interest rate...

This morning, you took out a loan of $386,000 to purchase a home. The interest rate on the 30-year mortgage is 3.75 percent and you will make monthly payment. You have decided to make additional monthly payment of $360 beginning with the first payment that will occur one month from today. By how many years will you shorten the length of time it will take you to pay off the loan? Group of answer choices 11.06 years 9.33 years 12.84...

You took out a loan to buy a new car. The monthly interest rate on the...

You took out a loan to buy a new car. The monthly interest rate on the loan is 1%. You have to pay $270 every month for 60 months. Attempt 1/5 for 8 pts. Part 1 What is the present value of the cash flows if it's an ordinary annuity? Attempt 1/5 for 8 pts. Part 2 What is the future value of the cash flows if it's an ordinary annuity? Attempt 1/5 for 10 pts. Part 3 What is...

Twenty years ago ABC Inc. took out a $100 million loan with an interest rate of...

Twenty years ago ABC Inc. took out a $100 million loan with an interest rate of 6 percent compounded quarterly over its 35 year life. With interest rates now so low, ABC is now looking to potentially refinance the loan. The accounting department would like to know how much interest was paid on this loan last year If new debt with an interest rate of 4.75 percent compounded quarterly can be raised with a 2 percent flotation cost, should they...

20 years ago DEF Inc. took out a $100 million loan with an interest rate of...

20 years ago DEF Inc. took out a $100 million loan with an interest rate of 6 percent compounded quarterly over its 35 year life. With interest rates now so low, DEF is now looking to potentially refinance the loan. A) The accounting department would like to know how much interest was paid on this loan last year B) If new debt with an interest rate of 4.75 percent compounded quarterly can be raised with a 2 percent flotation cost,...

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