Determine the value of the loan if the nominal rate given

Reference no: EM13191907

monthly payments on a loan is $1000 for the next 10 years. Determine the value of the loan if the nominal rate 6% compounded monthly. if we want to pay the loan in 50 months what is the monthly payment?

Reference no: EM13191907

Questions Cloud

What was the rate charged per hour by each mechanic : Two mechanics worked on a car. The first mechanic worked for 15 hours, and the second mechanic worked for 5 hours. Together they charged a total of 2100 . What was the rate charged per hour by each mechanic if the sum of the two rates was 190 per ..

Find out the total of balances : Display all the contents of the file in a tabular format with the first row being a header row and write to a file that is called account numbers.txt only the account numbers from the read file.

Define glycine hydrocholoride : What volume (in mL) of 0.220 M NaOH should be added to a 0.135 L solution of 0.028 M glycine hydrocholoride

Determine the irr : An investment of $10000 generates a net revenue of $15000 per year for 10 years with the salvage values $20000 is this a good investment at i = 10% annually also determine the IRR

Determine the value of the loan if the nominal rate given : monthly payments on a loan is $1000 for the next 10 years. Determine the value of the loan if the nominal rate 6% compounded monthly. if we want to pay the loan in 50 months what is the monthly payment

Find the probability that the player will get atmost 26 hits : If a baseball player's batting average is 32 %, find the probability that the player will get atmost 26 hits at 100 times at bat.

State dehydrohalogentation of tert-butyl chloride : Do the same to show the formation of both elimination products from 2-bromo-2methylbutane (page 208 lists the two products as 2-methyl-1-butene and 2-methyl-2-butene.)

Does ben consume equal amounts of x and y : Suppose Ben has a utility function U(x,y)= 4 * x^(0.5) * y^(0.8) The price of x is 2 dollars and the price of y is also 2 dollars. Explain WITHOUT USING ANY MATH AT ALL, just in a few words, which good is consumed more. Does Ben buy more x than y.

Why are timestamps used in the kerberos protocol : Why are timestamps used in the Kerberos protocol - When Alice is on a trip, she tries to store an important message in the CEO's account directory.

User Account

All Pages