Question: i only need the answer thx 16: Ccencaring interest Rates 5-10: Amortized Loans Loan amortization and ExR. you want to buy a ay and a

i only need the answer thx  i only need the answer thx 16: Ccencaring interest Rates 5-10:
Amortized Loans Loan amortization and ExR. you want to buy a ay
and a local bank will lend you 120,000 . The loan will

16: Ccencaring interest Rates 5-10: Amortized Loans Loan amortization and ExR. you want to buy a ay and a local bank will lend you 120,000 . The loan will be fuly ameatized ever 5 years ( 00 months), and the nominal interest mate will be 4 shs with interest paid menthly. a. What will list the monthfy foan pavment? Pisund your answer to the nearest cent. 5 6. What wil be the loans Eag? Round your answer to two dedinal places. 5-4: Finding the Interest Rate, I 5-16: Comparing Interest Rates Effective rate of interest. Find the interest rates earned on each of the following. Round each answer to two decimal places. a. You borrow $700 and promise to pay back $777 at the end of 1 year. b. You lend $700 and the borrower promises to pay you $777 at the end of 1 year. % c. You borrow $62,000 and promise to pay back $153,510 at the end of 8 years. % d. You borrow $10,000 and promise to make payments of $2,504.60 at the end of each year for 5 years. % 5-7: Future Value of an Ordinary Annuity 5-8: Future Value of an Annuity Due Future value: annuity versus annuity due a. What's the future value of a 11%,5-year ordinary annuity that pays $400 each year? Round your answer to the nearest cent. b. If this was an annuity due, what would its future value be? Round your answer to the nearest cent. 5 16: Ccencaring interest Rates 5-10: Amortized Loans Loan amortization and ExR. you want to buy a ay and a local bank will lend you 120,000 . The loan will be fuly ameatized ever 5 years ( 00 months), and the nominal interest mate will be 4 shs with interest paid menthly. a. What will list the monthfy foan pavment? Pisund your answer to the nearest cent. 5 6. What wil be the loans Eag? Round your answer to two dedinal places. 5-4: Finding the Interest Rate, I 5-16: Comparing Interest Rates Effective rate of interest. Find the interest rates earned on each of the following. Round each answer to two decimal places. a. You borrow $700 and promise to pay back $777 at the end of 1 year. b. You lend $700 and the borrower promises to pay you $777 at the end of 1 year. % c. You borrow $62,000 and promise to pay back $153,510 at the end of 8 years. % d. You borrow $10,000 and promise to make payments of $2,504.60 at the end of each year for 5 years. % 5-7: Future Value of an Ordinary Annuity 5-8: Future Value of an Annuity Due Future value: annuity versus annuity due a. What's the future value of a 11%,5-year ordinary annuity that pays $400 each year? Round your answer to the nearest cent. b. If this was an annuity due, what would its future value be? Round your answer to the nearest cent. 5

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