You borrow a $ 324355 add-on interest loan from the credit union and will repay in...

 

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You borrow a $ 324355 add-on interest loan from the credit union and will repay in equal installments over 10 years. The nominal rate of interest is 4.19 %. Assuming quarterly repayment and simple rate of interest, obtain the equal quarterly payments. Round your final answer to two decimal places. Question 2 1.5 pts Mr. Anthony Banderus obtained a bullet loan of $170373 at a nominal rate of interest of 5.78 percent for 4 years. If repayment is scheduled at the end of each day, obtain the last payment. Round your final answer to 2 decimal places. Question 3 1.5 pts Ms. Maili Sirrus obtained a balloon loan of $239101 at a nominal rate of interest of 4.85 percent for 5 years. If repayment is scheduled at the end of every fifth day, obtain the level of the first few payments, assuming he will pay $ 42318 at the end of the term Round your final answer to 2 decimal places. You borrow a $ 324355 add-on interest loan from the credit union and will repay in equal installments over 10 years. The nominal rate of interest is 4.19 %. Assuming quarterly repayment and simple rate of interest, obtain the equal quarterly payments. Round your final answer to two decimal places. Question 2 1.5 pts Mr. Anthony Banderus obtained a bullet loan of $170373 at a nominal rate of interest of 5.78 percent for 4 years. If repayment is scheduled at the end of each day, obtain the last payment. Round your final answer to 2 decimal places. Question 3 1.5 pts Ms. Maili Sirrus obtained a balloon loan of $239101 at a nominal rate of interest of 4.85 percent for 5 years. If repayment is scheduled at the end of every fifth day, obtain the level of the first few payments, assuming he will pay $ 42318 at the end of the term Round your final answer to 2 decimal places.

Answer rating: 100% (QA)

Question 1 Loan amount 324355 Interest rate 419 per year simple interest Term 10 years 40 qu... View the full answer