Find The Payment Necessary To Amortize The Loan

Find the payment necessary to amortize the loan. $12,300; 12% compounded monthly; 48 monthly payments. $218.75. $323.91. $1482.43. $424.14. Find the present value of the ordinary annuity. Payments of $52 made quarterly for 10 years at 8% compounded quarterly.

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Find the payment necessary to amortize a loan of $38,000 in 13 years if payments are made semiannually and interest is charged at a rate of 8.125% compounded semiannually. (Round your answer to the ne. The Internet’s leading website for home loans, mortgages, electronic lending, and loans.

At NerdWallet, we strive to help. also ask the lender about the necessary steps. If the loan is from a local bank, or one with local branches, they’ll probably tell you to find a buyer and bring.

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What is ‘Amortized Loan’. An amortized loan payment pays the relevant interest expense for the period before any principal is paid and reduced. This is opposed to loans with interest-only payment features, balloon payment features and even negatively amortizing payment features.

find payment necessary to amortize a 8% loan of $2000 compounded quarterly with 12 quarterly payments. asked by Anonymous on February 21, 2016; Finance "Find the payment necessary to amortize a 4% loan of $2100 compounded quarterly with 13 quarterly payments. Find the payment size."

Free payment calculator to find monthly payment amount or time period to pay off a loan using a fixed term or a fixed payment. It also displays the corresponding amortization schedule and related curves. Also explore hundreds of calculators addressing other topics such as loan, finance, math, fitness, health, and many more.

Since you may have happened upon this loan calculator to calculate a monthly payment, I’ll cut to the chase. You’ll only need to enter three numbers, and you can leave the other dozen or so options untouched. Here’s all you need to do. Click clear and enter values for: Loan Amount; Number of Payments; Annual Interest Rate

A is the periodic amortization payment; r is the periodic interest rate divided by 100 (nominal annual interest rate also divided by 12 in case of monthly installments), and; n is the total number of payments (for a 30-year loan with monthly payments n = 30 12 = 360) For your example, P = 100,000; A is what we want to find

Find the payment necessary to amortize each of the given loans. (See Examples 1, 2, and 3.) $41,000; 9% compounded semiannually; 10 semiannual payments. Example 1. chase bank in April 2013 advertised a new car auto loan rate of 2.23% for a 48-month loan. shelley fasulko will buy a new car for $25,000 with a down payment of $4500.