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formulas and steps please 011) Prepare the first row of a loan amortization schedule based on the following information. The loan amount is for $43,972.00
formulas and steps please
011) Prepare the first row of a loan amortization schedule based on the following information. The loan amount is for $43,972.00 with an annual interest rate of 15.68%. The loan will be repaid over 5.0 years with monthly payments. a) Loan payment (1 point) b) Interest portion (1 point) c) Principle portion (1 point) d) Loan balance after first monthly payment (1 point) Q12) What is the most you would be willing to pay for a investment that will pay you $945.00 in one year, $611.00 in two years, and $115.00 in three years, if your required rate of return for this type of investment is 22.22% ? (1.5 Q13) Suppose you signed a contract for a special assignment over the next 14.0 years. You will be paid $13,745.00 at the end of each year. If your required rate of return is 19.55% , what is this contract worth in today? (1.5 points) Q14) You need a loan to purchase new equipment. The loan will be paid off over 7.0 years with payments made at the end of every quarter. If the stated annual rate is 15.27% and quarterly payments are $209.00, what is the loan Q15) You would like to purchase a car for $13,932.00. If the car loan is 14.62% financed over 5.0 years, what will the monthly payments be for this car? (1.5 points) Q16) What is the most that you would pay for an investment that promises to pay $2,220.00 a year forever with the first payment starting one year from now? Assume that your required rate of return for this investment is 22.10% (1.5 Q17) A loan has a stated annual rate of 17.89%. If loan payments are made monthly and interest is compounded monthly, what is the effective annual rate of interest? (1.5 points)Step by Step Solution
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