Question
In: Accounting
A company has a loan of 80,000 to be paid I 20 annual level payments. The...
A company has a loan of 80,000 to be paid I 20 annual level payments. The interest and the principal repayment in the 13th payment are the same. Find the amount of principal repaid in the 6th payment. Use formulas of loans.
Solutions
ekkarill92 answered 2 years agoRelated Solutions
A company has a loan of 80,000 to be paid I 20 annual level payments. The...
A company has a loan of 80,000 to be paid I 20 annual level
payments. The interest and the principal repayment in the 13th
payment are the same. Find the amount of principal repaid in the
6th payment.
Answer in written form with formulas.
James has a loan of 10,000, which is to be repaid with 10 level annual payments...
James has a loan of 10,000, which is to be repaid with 10 level
annual payments at an annual effective interest rate of 14.5%.
Calculate the Macaulay duration of the loan using the 14.5%
interest rate.
James has a loan of 10,000, which is to be repaid with 10 level annual payments...
James has a loan of 10,000, which is to be repaid with 10 level
annual payments at an annual effective interest rate of 14.5%.
Calculate the Macaulay duration of the loan using the 14.5%
interest rate.
3. A loan of $5000 is to be paid off with level payments at the end...
3. A loan of $5000 is to be paid off with level payments at the
end of each month at 3% compounded monthly. The amount of interest
paid in the 61" payment is $2.24 and the amount of principal repaid
in the 42nd payment is $70.31. Find: a) The amount of principal
repaid in the 61" payment. b) The size of the level monthly
payment. c) The number of months necessary to pay off the loan. d)
The amount of...
John has taken out a $10,000 loan, which is being repaid with 30 level annual payments....
John has taken out a $10,000 loan, which is being repaid with 30
level annual payments. The first payment will be one year from now.
John pays an additional $500 during the fourth and twelfth
payments. Following the two additional payments, the loan is repaid
by annual payments of the original size with a larger final payment
after the last full repayment.
If the effective annual interest rate is 5%, what is the amount
of the larger payment?
A. 480...
$100,000 Amortizing Loan 9% Stated Rate 20 Year amortization Annual payments -Calculate annual payments - Prepare...
$100,000 Amortizing Loan
9% Stated Rate
20 Year amortization
Annual payments
-Calculate annual payments
- Prepare amortization table
You have borrowed 15,000 and agreed to repay the loan with 5 annual level payments of...
You have borrowed 15,000 and agreed to repay the loan with 5
annual level payments of 4000, with the first payment occurring one
year from today. What annual interest rate are you paying?
Madelyn has a loan to be repaid by 16 annual payments at an effective annual interest...
Madelyn has a loan to be repaid by 16 annual payments at an
effective annual interest rate of 5%. Payments 1-10 are $600 each,
payments 11-14 are $380 each, and the last 2 payments are $570
each.
The interest portion in Madelyn's 13th payment is?
Madelyn has a loan to be repaid by 16 annual payments at an effective annual interest...
Madelyn has a loan to be repaid by 16 annual payments at an
effective annual interest rate of 5%. Payments 1-10 are $600 each,
payments 11-14 are $380 each, and the last 2 payments are $570
each.
The interest portion in Madelyn's 13 th payment is?
(I have already posted this question and they got 21.95%, which
is incorrect!)
Lara is repaying a loan of $500000 with semi-annual payments. This loan has a guaranteed interest...
Lara is repaying a loan of $500000 with semi-annual payments.
This loan has a guaranteed interest period for 5 years in which the
interest rate is given as j2= 6%. After that the interest rate
changes to j4= 8%. After paying a down payment of $50000, each
payment she pays for the first 5 years is $10000. After that, she
pays X each time for another 10 years to totally cover this
loan.
(a) Calculate X
(b) Calculate all the...
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