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- 2. A P20,000 loan is to be paid off in 10 equal annual payments. The semi-annual interest is 8%.How much total interest will be paid up to the midst of the payment period?Consider a loan of 1,000,000 which is to be amortized by 60 monthly payments. The interest rate is 10% converted monthly. How much is the outstanding balance after the 46th payment?Consider a loan of 1,000,000 which is to be amortized by 60 monthly payments. The interest rate is 10% converted monthly. How much of the 47th payment goes to pay the interest? How much of the 47th payment goes to pay the principal?
- Consider a loan of 800,000 which is to be amortized by 60 monthly payments. The interest rate is 12% converted monthly. 1. How much is the outstanding balance after the 36th payment? 2. How much of the 37th payment goes to pay the interest the principal?Consider a loan of 1,000,000 which is to be amortized by 60 monthly payments. The interest rate is 10% converted monthly. Find the monthly payment.A loan of 10,000 is to be repaid during 5 years with equal monthly payments of p. The interest rate for the first year is 2%, while the interest rate for the remaining 4 years is 9%. What is p?
- 1. A loan of $2000 taken out today is to be repaid by a payment of $1200 in six months and a final payment of $1000. If interest is 10% compounded monthly, when should the final payment be made?You borrow 10.000 USD for 4 years to be paid with equal installments. The rate is 10% a-what is the annual payment? b-what is the remaining principal after 2 paymentsA $40,000 loan at 7.5% compounded monthly is to be repaid by equal monthly payments of $400 per month. (a) How much interest is paid in the 4th year? (b) How long will it take to pay off the loan (number of full payments), and what will be the amount of the last payment (partial payment)?
- 3. A 10,000 loan is taken out and the interest rate is 8 percent effective. Payments are made on the loan at the end of the year, and each subsequent payment is 5 percent more than the previous payment. Payment is to be completed in 10 years. what is the value of the first payment? what is the loan balance at the end of the 5'th payment?4. If 10,000php is invested in account paying 6% compounded quarterly; A. How much will be in the account at the end of 5years? b. How much interest will it earn? C. Compare the interest it will earn if it is paid at simple interest rate.A 20-year loan of 1000 is repaid with payments at the end of each year. Each of the first 10 payments = 150% of the amount of interest due. Each of the last 10 payments is X. Find X if the lender charges interest at an annual effective rate of 10%.