ANSWER THE FOLLOWING
A loan of $25,000 is to be repaid with quarterly payments of $1500 for 3 years (12 payments) followed by quarterly payments of $1000 for as long as is needed. If the interest rate on the loan is t = 10%, what is the outstanding balance aer 13 payments? W A loan is taken out at ju = 18% and is amortized with monthly payments of $360.37 for 10 years. After 4 years, the loan is renanced at in = 12% and the new monthly payment is $308.90. Which of the following would give the correct outstanding balance after 4 years (48 payments)? W 72 |.0]5 a? 101 A loan of size A is to be amortized by monthly payments of $1000. The rate of interest on the loan is J]: = 18%. The outstanding balance immediately after the 4'11 monthly payment is $12,000. How much principal is repaid in the 12\"1 monthly payment? ($949503)- A loan at j4 = 8.6% is being repaid over n-quarters, with quarterly payments of $647. 1 8. The portion of the 9'11 payment that goes towards principal is $349.23. What is the value of it? (3-1) A loan is taken out at 1'12 = 18% and is paid back with monthly payments of $279.00, plus a smaller concluding payment. With one month left on the loan, the outstanding balance is $268.66. What is the size of the nal loan payment? (83-73-69) A company borrows $100,000 with interest at ju = 9% to be paid back by monthly payments. After 5 years, interest rates have dropped min = 6% and the company wishes to renance their loan. The outstanding balance of the loan after 5 years (60 payments) is $39,660.90. If the company renances the loan, they are subject to a penalty equal to 3 times one month's interest on the outstanding balance. Adding the penalty to the loan balance, and assuming the company will pay off the loan over 29 more months, what is the new monthly payment? $1505.11.)- A woman takes out a loan to be paid back over 4 years at j12 = 6% with monthly payments of $281.82. After 14 payments, the outstanding balance on the loan is $8791.53. The woman then misses the next 3 payments (from time 15 to 17). She begins making regular monthly payments at time 18. If she still intends to pay back her loan in full by the end of 4 years, what is the size of her new monthly payment? (she has 31 payments left) (HI-h\")- A $1000 bond, paying semi-annual coupons at j: = 7%, is redeemable in 5 years. It is purchased for $966.20 to yield j: = 8%. What is the bond redeemable at? (to nearest $1) (-1-0-l-) A $1000 n-year bond is purchased at a discount of $ 84.47 to yield j: = 8%. If the bond matures at 110 and = 9,335 , what is the bond coupon? ($35) a 23'0114
