You borrow a $ 324355 add-on interest loan from the credit union and will repay in...
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You borrow a $ 324355 add-on interest loan from the credit union and will repay in equal installments over 10 years. The nominal rate of interest is 4.19 %. Assuming quarterly repayment and simple rate of interest, obtain the equal quarterly payments. Round your final answer to two decimal places. Question 2 1.5 pts Mr. Anthony Banderus obtained a bullet loan of $170373 at a nominal rate of interest of 5.78 percent for 4 years. If repayment is scheduled at the end of each day, obtain the last payment. Round your final answer to 2 decimal places. Question 3 1.5 pts Ms. Maili Sirrus obtained a balloon loan of $239101 at a nominal rate of interest of 4.85 percent for 5 years. If repayment is scheduled at the end of every fifth day, obtain the level of the first few payments, assuming he will pay $ 42318 at the end of the term Round your final answer to 2 decimal places. You borrow a $ 324355 add-on interest loan from the credit union and will repay in equal installments over 10 years. The nominal rate of interest is 4.19 %. Assuming quarterly repayment and simple rate of interest, obtain the equal quarterly payments. Round your final answer to two decimal places. Question 2 1.5 pts Mr. Anthony Banderus obtained a bullet loan of $170373 at a nominal rate of interest of 5.78 percent for 4 years. If repayment is scheduled at the end of each day, obtain the last payment. Round your final answer to 2 decimal places. Question 3 1.5 pts Ms. Maili Sirrus obtained a balloon loan of $239101 at a nominal rate of interest of 4.85 percent for 5 years. If repayment is scheduled at the end of every fifth day, obtain the level of the first few payments, assuming he will pay $ 42318 at the end of the term Round your final answer to 2 decimal places.
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Question 1 Loan amount 324355 Interest rate 419 per year simple interest Term 10 years 40 qu... View the full answer
Related Book For
Management Science The Art of Modeling with Spreadsheets
ISBN: 978-1118582695
4th edition
Authors: Stephen G. Powell, Kenneth R. Baker
Posted Date:
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