13 Answered Questions for the topic Loan

05/09/20

12/05/16

10/01/15

A contract requires end-of-month payments of $180 for another 9 1/4 years. What would an investor pay to purchase this contract if she requires a rate of return of 3.6% compounded monthly? (Round... more 09/20/15 Lab 4 Ch. 10 Math Help A 14-year loan requires month-end payments of$587.13 including interest at 8.4% compounded monthly. What is the balance on the loan after half of the payments have been made? (Do not round... more
Loan Math Payment

09/16/15

09/08/15

Payment Question

Marilyn was supposed to pay $1590 to Bernice on March 15. Some time later Marilyn paid Bernice an equivalent payment of$1640.83, allowing for a time value of money of 2.7% compounded monthly. When... more
Loan Math Payments

08/24/15

Loan Calculation (Payment)

A loan of \$4,700 at 6.60% is to be repaid by three equal payments due four, six, and eight months after the date on which the money was advanced. Calculate the amount of each payment. Use the loan... more

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