What are the annual payments necessary to pay a $100,000, 12-year loan if the loan rate is 8 %? * O a. $8,333. O b. $19,968. O c. $ 8,000. O d. $13,270.
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- If you receive 500 in simple interest on a loan that you made for 10,000 for five years, what was the interest rate you charged?Imagine that a local water company issued 10,000 ten-year bond at an interest rate of 6. You are thinking about buying this bond one year before the end of the ten years, but interest rates are now 9. Given the change in interest rates, would you expect to pay more or less than 10,000 for the bond? Calculate what you would actually be willing to pay for this bond.What happens to happens to the annual payment on a loan as the term of the loan increases? O It stays the same It decreases It increases
- Every year you deposit $2,000 into an account that earns 2% interest per year. What will be the balance of your account immediately after the 30th deposit? Select one: a. $210,000 O b. $180,000 c. $145,000 d. $154,000 e. $139,580Question 19 Find the total amount in your account if you start with $850 at 11% interest for 2.5 years. O a. $1103.4 O b. $432 O c. $1210 O d. $5667If Tim borrows $600 from a payday loan operator and has to pay S775 at the end of 1 month, how much will he have to pay if he were to keep the money for a year on the same terms? O. $12,407 O. $6,321 O. $1,020 O. $12,941
- If you borrow $3,200 at 8% simple interest per year for six years, how much will you have to repay at the end of six years? Choose the correct answer below. O A. $5,078 B. $1,536 C. $1,878 O D. $3,200 E. $4,736.Calculate the maturity value of a 300-day, $6,000 simple interest term deposit earning 5.15%. O a. $7,021.99 O b. $6,309.00 O c. $6,111.78 O d. $6,253.97 e. $5,756.34A 5-year ordinary annuity has a present value of $1,000. If the interest rate is 8%, what is the amount of each annuity payment? O a. $216.00 O b. $270.50 O C. $250.46 d. $231.48 P Type here to search
- A loan of $15,000 is to be repaid in 4 equal payments (over 4 years) and the interest rate is 7% per year. Determine the principal repayment amount at end of year 1? a. $4,428.42 O b. $3,378.42 O c. $3,232.06 O d. $3,555.27 O e.$3,910.79Economics In the following cash flows diagram, Determine the Future Worth at the end of year 12 if the interest rate is 6% ? $200 $200 $150 $150 $100 $100 1 2 3 4 Years O a. $1,532.6 O b. $1,286.8 Oc $1,364 O d. $1,4458 Clear my choiceesc a) 6.2% b) 3.4% C 2.8% d) 9.6% O 1. Jimmy has a credit rating of 340 and Sarah has a credit rating of 550. Sarah receives an offer of 6.2% for the interest on a loan. Jimmy has to pay an extra 3.4%. How much is Jimmy's interest? $350.000. He is Glaze C . 1 cup