Question
In: Finance
You borrowed $200,000 at an interest rate of 3%, with constant annual payments of both principal...
You borrowed $200,000 at an interest rate of 3%, with constant annual payments of both principal and interest over 15 years.
What is the outstanding balance after 9 years?
Solutions
jeff jeffy answered 1 year agoRelated Solutions
You borrowed $100,000 at an interest rate of 3.8%, with constant annual payments of both principal...
You borrowed $100,000 at an interest rate of 3.8%, with constant
annual payments of both principal and interest over 15 years.
What is your annual payment?
What is the outstanding balance after 4 years?
you borrowed $500,000 at an interest rate od 2,6% with constant annual payments of both principal...
you
borrowed $500,000 at an interest rate od 2,6% with constant annual
payments of both principal and interest over 15 years. what is your
annual payment? what is the pitstanding balance after 3
years?
You have borrowed $100,000 on a 40-year mortgage with monthly payments. The annual interest rate is...
You
have borrowed $100,000 on a 40-year mortgage with monthly payments.
The annual interest rate is 16 percent. How much will you pay over
the course of the loan? With four years left on the loan, how much
will you still owe?
Excel
You have borrowed $100,000 on a 40-year mortgage with monthly payments. The annual interest rate is...
You
have borrowed $100,000 on a 40-year mortgage with monthly payments.
The annual interest rate is 16 percent. How much will you pay over
the course of the loan? With four years left on the loan, how much
will you still owe?
excel
Suppose you borrowed $200,000 for a home mortgage on January 1, 2015 with an annual interest...
Suppose you borrowed $200,000 for a home mortgage on January 1,
2015 with an annual interest rate of 6% per year. The balance on
the mortgage is amortized over 30 years with equal monthly payments
at the end of each month. (This means the unpaid balance on January
1, 2045 should be $0).
a) What are the monthly payments?
(b) How much interest was paid during the 30 years of the
mortgage?
(c) What is the unpaid balance on the...
You borrowed $45,000 at 4% annual interest rate that you must repay over 3 years. The...
You borrowed $45,000 at 4% annual interest rate that you must
repay over 3 years. The loan is amortized into three-equal
end-of-year payments.
(a) Calculate annual
payment amount
(b) Prepare a loan
amortization schedule
(c) If you make equal
monthly payment for 36 months, calculate monthly payment amount and
prepare a monthly loan amortization schedule
(d) How much is total
interest charge for 3 years, if you make annual payment? How much
is total interest charge...
You borrow a GPM of $50,000 with annual payments and 3- year term. The interest rate...
You borrow a GPM of $50,000 with annual payments and 3- year
term. The interest rate is 10% and the payment factors from years 1
to 3 are as follows: 50%, 50% and 100%
Questions: 1.What are the annual payments for years 1 to 3?
2.What is remaining balance at the end of year 1?
3.What are interest payment and principal payment for years 1 to
3?
Assuming annual interest payments and a principal value of $100, what is the value of a...
Assuming annual interest payments and a principal value of $100,
what is the value of a 4-year 6.8% coupon bond when the discount
rate is i) 4.8%, ii) 6.8%, and iii) 7.1%? Show that your results
are consistent with the relationship between the coupon rate,
discount rate, and price relative to par value.
-->(I looked the sample but didn't get it very well), Please
explain it clearly, Thank you
Assuming annual interest payments and a principal value of $100, what is the value of a...
Assuming annual interest payments and a principal value of $100,
what is the value of a 4-year 6.8% coupon bond when the discount
rate is i) 4.8%, ii) 6.8%, and iii) 7.1%? Show that your results
are consistent with the relationship between the coupon rate,
discount rate, and price relative to par value.
Joan Messineo borrowed 42,000 at a 5% annual rate of interest to be repaid over 3...
Joan Messineo borrowed 42,000 at a 5% annual
rate of interest to be repaid over 3 years. The loan is amortized
into three equal, annual, end-of-year payments.
a. Calculate the annual, end-of-year loan
payment.
b. Prepare a loan amortization schedule
showing the interest and principal breakdown of each of the three
loan payments.
c. Explain why the interest portion of each
payment declines with the passage of time.
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