Bank Sohar provides a financing facility based on murabahah to the Purchase Orderer principles to Ahmad for the purpose of house purchase. The financing is amounting to OR 55000 at a constant rate of return 3% for a period of 8 years. Calculate the annual installment
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Bank Sohar provides a financing facility based on
murabahah to the Purchase Orderer principles to
Ahmad for the purpose of house purchase.
The financing is amounting to OR 55000 at a
constant
Calculate the annual installment
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- Akuse Tours company secures a loan of GHS200,000 over 2 years at 10.5% compounded quarterly year to purchase more tour buses for the upcoming Christmas festivities. Requirements: a. Compute the quarterly installment the entity will be required to pay. b. Prepare a spreadsheet model indicating the installment and the loan amortization schedule.Bank Sohar provides a financing facility based on murabahah to the Purchase Orderer principles to Ahmad for the purpose of house purchase. The financing is amounting to OR 43000 at a constant rate of return 7% for a period of 9 years. Calculate the annual installment payment.You have taken a personal loan from Bank Muscat for 15000 OMR and charged with an interest raté of 6% per year. the repayment is scheduled for annually, to a period of 4 years. Prepare a loan amortization schedule.
- A local moving service recently purchased a van be securing a loanwith semannual payments of $3200 per semiannual period for 7 years at 12% per year compuonded semiannually. What ws the purchase price of this van?(round your answer to the nearest cent)You have taken a personal loan from Bank Muscat for 15000 OMR and charged with an interest rate of 6% per year. the repayment is scheduled for annually, to a period of 4 years. Prepare a loan amortization schedule.( Amortization factor is 3.465 )Determine the annual payment on a OMR 500,000 and 12 percent business loan from a commercial bank that is to be amortized over a five year period.
- solve You obtain a loan for Php. 1,500,000 payable in three equal annual installments of Php. 500,000 each. Each interest to be paid at 10% of the unpaid principal. Assuming an effective rate of 12%, compute for the present value of the loan as well as prepare a loan amortization table.Develop an amortization schedule for the loan described. (All answers should be entered in dollars. Round your answers to the nearest cent.) $90,000 for 2.5 years at 10% compounded semiannuallyTwo banks are offering loan facility of Rs. 50,000 with an interest rate of 15% pa. for a period of 5 years Bank A offers the facility with interest rate of 15% pa with annual compounding and annual installment and Bank B with semiannual compounding and semiannual payment. You are required to calculate the installment amount and also the principal paid in the third installment for both options.
- In financing a new shopping center, the owner receives a loan of P1M at the beginning of each 6 months for four years. He agrees to pay all accumulated liability with interest rate of 8% compounded semi-annually by a single payment at the end of 6 years. Find his payment. Show formula and solutionsA property is purchased for $81,000. The purchase is financed with a GPM carrying a 12 percent interest rate. A 7.6 percent rate of graduation will be applied to monthly payments beginning each year after the loan is originated for a period of five years. The initial loan amount is $72,900 for a term of 30 years. The homeowner expects to sell the property after seven years. Required: a. If the initial monthly payment is $576.91, what will the payments be at the beginning of years 2, 3, 4, and 5? b. What would the payment be if a CPM loan was available? c. Assume the loan is originated with two discount points. What is the effective yield on the GPM?A loan of $5,000 with interest at 7.75% compounded annually is amortized by equal payments at the end of each year for five years. 1. Show your financial calculator inputs for the payment calculation. 2. Create a full amortization schedule for the loan. A template is available in the Test folder (underneath the link to our test. You can fill in the Word file template and attach below,