A debt of $4033 with interest at 8.91% compounded monthly is to be repaid by equal payments at the end of each month for 5 years. What is the principal repaid (PRN) in the first payment? PMT INT Payment Number 0 Answer: PRN ? BAL 4033
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- Marathon Peanuts converts a $130,000 account payable into a short-term note payable, with an annual interest rate of 6%, and payable in four months. How much interest will Marathon Peanuts owe at the end of four months? A. $2,600 B. $7,800 C. $137,800 D. $132,600A debt of $3051 with interest at 7.27% compounded monthly is to be repaid by equal payments at the end of each month for 5 years. What is the balance remaining (BAL) after the first payment? Payment Number 0 1 Answer: PMT INT PRN BAL 3051 ?Problem: A debt of P2,000 will be discharged, interest included, by equal payments at the end of each month for 3 years. If interest is payable monthly at the rate 5% (using the computation of r = .05/12 = .0041667), find: %3D A. the outstanding principal at the beginning of the 3" year? B. the interest paid on the 30h payment date?
- A debt of $1881 with interest at 9.34% compounded monthly is to be repaid by equal payments at the end of each month for 5 years. What is the balance remaining (BAL) after the first payment? Payment Number PMT INT PRN BAL 0 - - - 1881 1 ?A loan of 109,517.20 is being repaid with level annual payments of Kat an annual effective interest rate of 5%. The principal repaid in the20th payment is 61.Determine K. Using Actuarial NotationWhat will be the compounded amount on a loan of P1.500 at 12% interest compounded quarterly for 1 year? of O P16.822.63 O P1.690 O Pl,688.26 O P16.860
- Equity bank grants you a loan of 49,800 on 1 january 2022 that is repayable in 5 annual payments of 13815 at an Interest rate of 12% per annum. Construct arnortization schedule using excel and calculate total interest?A man owes P5,000.00 today and agrees to discharge the debt by equal payments at the beginning of each 3 months for 8 years, where these payments include all interest at 10% payable quarterly. Find the quarterly payment. O a. P423.26 O b. P123.26 O c. P323.26 O d. P223.26Determine the monthly payment for the installment loan. Use the installment payment formula m = 1- Amount Financed (P) $1,440 O A. $179.15 B. $35.15 O C. $125.26 O D. $366.02 P n 1+) - not Annual Percentage Rate (r) 8% Number of Payments per Year (n) 12 Time in Years (t) 4
- A debt is amortized by monthly payments of $250. Interest is 8% compounded monthly. If the outstanding balance is $3225.68 just after a particular payment (say, the xth payment), what was the balance just after the previous payment (i.e., the (x-1)th payment?Compute the size of the final payment for the following loan. Principal $ Periodic Payment $ Payment Period Payment Made at: Interest Rate % Compounding Period 8100 520 3 months beginning 8 quarterly The size of the final payment is $_ .?A debt of $1908 with interest at 6.3% compounded annually is to be repaid by equal payments at the end of each year for 4 years. What is the balance remaining (BAL) after the second payment? What is the principal repaid (PRN) in the second payment? What is the interest paid (INT) in the second payment?