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What is the total interest paid if the interest per payment

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Reference no: EM132004347

A loan of amount $28520 is to be repaid in payments that each consist of a principal repayment of $620 plus the interest on the previous outstanding balance. What is the total interest paid if the interest per payment period is 3.4%?

Reference no: EM132004347

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What is the amount of the principal repayment : Interest is at an effective annual rate of 6.9%. What is the amount of the principal repayment in the 6th payment?
What about a client who is borrowing : Suppose that the borrowing rate that your client faces is 10%. Assume that the S&P 500 index has an expected return of 14% and standard deviation of 25%.
Consider the remaining loan contract to be worth : If the investor values these cash flows with a nominal annual rate of 6.2% when compounded quarterly
Calculate the bank return on this loan : Calculate the bank’s return on this loan.
What is the total interest paid if the interest per payment : A loan of amount $28520 is to be repaid in payments that each consist of a principal repayment of $620 plus the interest on the previous outstanding balance.
What is the contractually promised gross return : What is the contractually promised gross return (k) on the loan per dollar lent?
Amount of the principal repayment in the payment : Interest is at an effective annual rate of 4.4%. What is the amount of the principal repayment in the 6th payment?
How much will you owe the bank after ten years : Suppose that you borrow $100,000 from a bank that charges 4.5% interest, compounded continuously, over the course of 10 years.
Is this premium or discount bond : Is this a premium or a discount bond? What is its current yield? What is its yield to maturity?

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