Problem 2-17 Margin Interest (LO3, CFA2) Suppose you take out a margin loan for $75,000. The rate you pay is an effective rate of 8.9 percent. If you repay the loan in six months, or 180 days, how much interest will you pay? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Interest S 3,266.37
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- Problem 5-63 Effective Interest Rate (LO4) Assume you take out a car loan of $7,700 that calls for 60 monthly payments of $210 each. a. What is the APR of the loan? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Use a financial calculator or Excel. Annual percentage rate % b. What is the effective annual interest rate on the loan? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Effective annual rate %QUESTION 6 You have a 7-year loan of $80,000. The borrower will pay $8,500 at the end of Year 1, $9,500 at the end of Year 2, and $7,500 at the end of Year 3, plus X at the end of each year from Year 4 through Year 7. X is the fixed but unspecified cash flow. The loan's rate is 9%. What is X? O $22,3617.01 O $21,954.25 $23,350.31 O $19,411.022. Problem 5.17 (Effective Interest Rate) еВook You borrow $225,000; the annual loan payments are $30,017.40 for 30 years. What interest rate are you being charged? Round your answer to the nearest whole number. %
- Question A .Consider the following series of payments which start at time t = 0: 5, 7, 9, 11... What is the value of this series of payments at time t = 6? Effective annual interest rate is 8% p.a. Question 7Select one:Select one: A. 92.68 B. 122.44 C. 68.72 D. 103.28 Full explain this question and text typing work only We should answer our question within 2 hours takes more time then we will reduce Rating Dont ignore this lineQuestion 4 You have been offered a $500k 7/1 Hybrid ARM Loan with 1pt in origination fees, teaser of 4.8%, margin of 288bp, and future composite rates indexed to LIBOR, which was 3.24% at the time of origination. What is the size of the óth monthly payment of this ARM Loan? Please indicate your answer to the cents place, with two digits right of the decimal. 2,623.33Determine the exact and ordinary simple interest on a 180-day loan of $10000 at 6%. Exact Interest is $Blank 1 and Ordinary Interest is $ Blank 2. Blank 1 Add your answer Blank 2 Add your answer
- QUESTION 16 You wish to buy a $21,500 car. The dealer offers you a 6-year loan with a 7.2 percent APR. What are the monthly payments? (Do not round intermediate calculations and round your final answer to 2 decimal places.) PAYMENT PER MONTH? How would the payment differ if you paid interest only? (Do not round intermediate calculations and round your final answer to 2 decimal places.) PAYMENT PER MONTH?question 6 A loan is offered with monthly payments and a 9.25 percent APR. What’s the loan’s effective annual rate (EAR)? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Effective annual rate %Problem 3 To withdraw the following $ 1,000 payment series in the figure, determine the minimum deposite (P) you should make now if your deposits earn an interest rate of 10 % compounded anually. Note that you are making another deposite at the end of year 7 in the amount of $ 500. With the minimum deposit P, your balance at the end of year 10 should be 0. SLO00 • 10 $ 500 A. P= $ 4,912 B. P= $ 4,465 C. P= $ 5,374 D. P=$ 5,912
- QUESTION 5 You wish to have $4,000 in 2 years to purchase a new entertainment system. How much money (to the nearest dollar) should you deposit each quarter into an account paying 8% compounded quarterly? Summarize the information provided, stating the interest rate in a decimal form. PN = 4000 r = 0.08 N = 2 k = 4 Identify the formula you will to solve by writing the letter of the formula here: use A. A=P.(1+rt) В. P. = P.1+ rNk 1+ С. PN = D. P. -[1+ Solve the problem and give your answer here:A2 5a This question consists of three parts. When performing the calculations, keep as many decimal places as you can for intermediate answers, but round your final answers to two decimal places. a. You have taken out a loan that requires you to repay $200 per month for 10 years at 12% annual percentage rate with monthly compounding. The first payment occurs today. What is the current value of this loan? may i please have the answer in formula form?Proxima N. 7 11 IL IIII I3 I| .4 E) Calculating loans 14. Louis is looking at buying a car for $20,000. The term for the loan is 6 years, and the interest rate is 3%, compounded monthly. He decides to put $. number less than 10,000) down. How much will his monthly payments be? 2500 (a -txn 1-(1+ Loan= payment NC