Question
prepare the first row of a loan amortization schedule based on the following information. the loan amount is for $6,308.00 with an annual interest rate
- prepare the first row of a loan amortization schedule based on the following information. the loan amount is for $6,308.00 with an annual interest rate of 11.43% that loan ill be repaid over 3.0 years with mo thly payments
a. loan payment
b. interest portion
c. principal portion
d. loan balance after first monthly payment
12, what is the most you would be willing to pay for an investment that will pay you $164 in one year, $938.00 in two years and $105.00 in three years, if your required rate of return of this type of investment is 22.17%?
13, suppose you signed a contract for a special contract over the next 17.0 years. you will be paid $9,907 at the end of each year. if your required rate of return is 5.45 what is the contract worth today?
14, you need a loan to purchase new equipment that loan will be paid off over 13.0 years with payment made at the end of every quarter. if the stated annual rate is 8.11% and quarterly payment are $507.00 what id the loan amount?
15, you would like to purchase a car for $17,603.00 if the car loan is 11.98% financed over 4.0 years, what will the monthly payments be for this car?
16, what is the most you would pay for an investment that promises to pay$18,183.00 a year forever with the first payment starting one year from now? assume that your required rate of return for this investment is 20.32%
17, a loan has stated annual rate of 5.26%. if loan payments are made monthly and interest is compounded monthly, what is the effective annual rate of interest?
18, you invest $2,234 at the beginning of every year and your friend invests $2,234.00 at the end of every year. if you both earn an annual rate of return of 9.71% hoe much more money will you have after 19.0 years?
19, you currently have $1,056.00 in a retirement savings account that earns an annual return 6.28% you want to retire in 46.0 years with 1,000,000 how much more do you need to save at the end of every year to reach the goal?
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