A debt of $2,000 is to be amortized with 30 equal semi-annual payments (15 years). Complete the first 4 lines of the amortization schedule below, assuming 6% interest compounded semi-annually for this debt. (First four lines only.)

Enter the payment and do the schedule separate

Part 1. Suppose a family borrows $75,000 on a home for 30 years with the loan at 8% compounded monthly.

Find the monthly payment rounded to the enter below

a) dime_________ b) dollar________

Part 2. Find the finance charge of the loan above using the payment rounded to the dollar.

A person buys a $255,000 business and pays $40,000 down financing the rest at 12% converted monthly. A payment of $3,500 per month is agreed upon. How many full payments will be required?

Part 1. A 20-year mortgage for $150,000 was amortized with monthly payments at 9% converted monthly. Just after making the 60th payment the borrower refinanced the balance at 7% converted monthly with the term of the loan unchanged.

Find the monthly payment.

Find the finance charge

Part 2. Using the info from part 1: A 20-year mortgage for $150,000 was amortized with monthly payments at 9% converted monthly. Just after making the 60th payment the borrower refinanced the balance at 7% converted monthly with the term of the loan unchanged

Find the new payment. __________________

Find the total savings in interest. _______________

The terms of a car loan are -cost is $ 37,000 and a down payment of $7,000 financed for 5 years at 3.9% compounded monthly.

A) Find the monthly payment and ____________________

B) then what is the outstanding balance after one year? _________________Record this on your work paper

As in the previous question--The terms of a car loan are -cost is $ 37,000 and a down payment of $7,000 financed for 5 years at 3.9% compounded monthly.

How much of the 20th payment goes to interest? _______________

Part 1. At the end of 2010 the adjusted per share closing price of a share of stock X was 20.50.

Part 2. Five years later at the end of 2015, the adjusted per share closing price increased to 35.20. If

Part 3. You owned 150 shares of stock X then and today-- Find:

1. The value of your stock purchased in 2010 and 5 years later in 2015 and then

2. calculate the nominal rate of increase of stock X if it was compounded monthly.

3. Give answer as a annual percent compounded monthly