Question
Question 5: You were offered the following alternative loans: A. A 5 year S180,000 Regular loan with monthly payments. The monthly interest rate is 0.5%
Question 5: You were offered the following alternative loans:
A. A 5 year S180,000 "Regular loan" with monthly payments. The monthly interest rate is 0.5%
B. A 6-year. $50,000 loan with an annual percentage rate (APR) of 8%and quanerty payments. There is a $X handling foe which must be paid up-front. The effective annoal rate (EAR) is 10.2%
C: A 30-year. S80,000 loan with an APR of 12% and quarterly payments. The fiest will be made in one quarter, then after, the quarterly payments will grow by 1% each quarter
D. A 5-year, S150.000 loan with equal annial payments. the first payment will be made in one years. the annual interest rate is 4%.
Required:
1: the 25th payment of loan A?
2: the handling fee in Loan B?
3: The 3rd payment in loan C?
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