A company borrows $170000, which will be paid back to the lender in one payment at...

A company borrows $170000, which will be paid back to the lender in one payment at the end of 8 years. The company agrees to pay yearly interest payments at the nominal annual rate of 11% compounded yearly. At the same time the company sets up a sinking fund in order to repay the loan at the end of 8 years. The sinking fund pays interest at an annual nominal interest rate of 4% compounded yearly. Find the total amount of the yearly payments, that is, the sum of the interest payment and the sinking fund payment.

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orchestra answered 1 year ago

A company borrows $110000, which will be paid back to the lender in one payment at...

A company borrows $110000, which will be paid back to the lender in one payment at the end of 8 years. The company agrees to pay yearly interest payments at the nominal annual rate of 7% compounded yearly. At the same time the company sets up a sinking fund in order to repay the loan at the end of 8 years. The sinking fund pays interest at an annual nominal interest rate of 11% compounded yearly. Find the total amount...

A company borrows $200000, which will be paid back to the lender in one payment at...

A company borrows $200000, which will be paid back to the lender in one payment at the end of 8 years. The company agrees to pay monthly interest payments at the nominal annual rate of 4% compounded monthly. At the same time the company sets up a sinking fund in order to repay the loan at the end of 8 years. The sinking fund pays interest at an annual nominal interest rate of 13% compounded monthly. Find the total amount...

bob borrows $10,000 to be paid back over 30 years with level end of your year...

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