Question: Suppose that a $ 1 , 8 0 0 / acre loan is expected to be fully amortized at 8 % over 3 6 years.

Suppose that a $1,800/ acre loan is expected to be fully amortized at 8% over 36 years. Calculate the amount of loan payment per period. Group of answer choices None of the answers are correct $153 $142 $166 $141

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

17A) Suppose that a $9,800/ acre loan is expected to be fully amortized at 22% over 5 years. Calculate the amount of loan payment per period. $2,669 $4,387 $3,422 $2,805 None of the answers are...

Q:

1) Jim makes a deposit of $12,000 in a bank account. The deposit is to earn interest compounded annually at the rate of 6 percent for seven years. How much will Jim have on deposit at the end of...

Q:

please answer part B and C. A borrower can obtain an 85 percent loan with an 7 percent interest rate and monthly payments. The loan is to be fully amortized over 25 years. Altematively, he could...

Q:

Different cash flow.Given the following cash inflow at the end of each year, LOADING... , what is the future value of this cash flow at 5 % , 10 % , and 15 % interest rates at the end of year 7? What...

Q:

Circle the right answer: 1. A coupon bond that pays interest annually has a par value of $1,000, matures in 5 years, and has a yield to maturity (market rate) of 10%. The intrinsic value of the bond...

Q:

HW Score: 64 53%, 29.04 of 45 pts 5 of 5 (5 complete) Score: 0.9 of 9 pts Question Help E21-28 (similar to) New Meico tacty The machine cos $225 000 and is evpected to have a unetl de of 10 years wth...

Q:

table in last picture is for exercise 1 Prepare your responses to Exercises 1 and 2 on pages 314, and 315 You can use the attached Excel worksheet for both Exercises 1 and 2 including your responses...

Q:

IF YOU ARE NOT ABLE TO SHOW ANSWERS IN AN EXCEL SPREADSHEET, PLEASE TYPE THE FUNCTIONS FOR THE QUESTIONS TO BE TYPED IN THE EXCEL SHEET. INSTRUCTIONS: Answer ALL questions using spreadsheet solutions...

Q:

Anyone got complete answers to this quiz? 1. 5a_39 In technical analysis, what is a support level for a stock? A. Demand exceeds supply. B. Supply exceeds demand. C. Volume sold equals volume...

Q:

FINANCIAL MANAGEMENT - ACCT3402 IF YOU ARE NOT ABLE TO SHOW ANSWERS IN AN EXCEL SPREADSHEET, PLEASE TYPE THE FUNCTIONS FOR THE QUESTIONS TO BE TYPED IN THE EXCEL SHEET. INSTRUCTIONS: Answer ALL...

Q:

Prepare Crane & Hill's ending inventory and cost of goods sold budget for the first quarter. Assuming that the company has no beginning and ending WIP inventory. Mark Robinson, Crane & Robinson...

Q:

Perform an Analysis of Your Chosen Companys Netflix Balance Sheet. In task 3-3, you will perform a quality balance sheet assessment of the company you chose in Module One. This analysis will include...

Q:

" To reference cells in another worksheet, but in the same workbook in which the current formula resides, use a: "

Q:

A particle is moving in three dimensions and its position vector is given by; r(t) = (4, 4t + 2, 3t)i + (4, 5t - 2, 3)2 + (3, 3t + 3, 1t)k where r is in meters and t is in seconds. Determine the...