This interval can be selected from the pull-down menu. For one of several intervals, choose an amount that you would like to add to that investment. This calculator can help you compute the future value of an investment for a number of different scenarios.įirst enter the amount of the initial investment.
For a $200,000 loan at 5% compounded semiannually with monthly payments, calculate the following:
Explore the impact of the term on the interest component of a loan.For tax purposes, Art Industries needs to know the total interest paid for payments 7 through 18.What are the interest and principal components of the 16th payment?.How long will it take to pay the loan off?.It fixes the loan payment at $300 per month. Art Industries just financed a $10,000 purchase at 5.9% compounded annually.By what amount is the principal of the income annuity reduced in the fifth year?.What is the portion of interest earned on the payments made in the second year of the income annuity?.What are the principal and interest portions for the first payment of the income annuity?.The income annuity is expected to earn 3.85% compounded annually. She is going to invest her $75,000 inheritance at 6.25% compounded annually until she retires at age 65, and then she wants to receive month-end payments for the following 20 years. At the age of 54, Hillary just finished all the arrangements on her parents' estate.Calculate the interest portion of the payments made in the second year. The annuity is to earn 6.3% compounded semi-annually and make monthly payments starting today for the next five years. Yangjing deposits $30,000 into an investment annuity for her daughter, who is currently living far away.In the fourth year, by how much will the principal be reduced?Ĭhallenge, Critical Thinking, & Other Applications.In the first year, what total amount of interest will they pay?.Cathy and Bill just acquired a new Honda Odyssey Touring Edition minivan for $60,531.56 under the dealership’s purchase financing of 5.65% compounded annually for eight years.
If his son finishes his education in four years instead of five and closes the account upon graduation, what total interest will he have received?.How much of the payments made in the third year will come from the account’s principal?.How much of the third payment is interest?.How much will his son receive each quarter?.His son is to receive payments at the end of every quarter for five years. For his son’s college education, Pat deposited $25,000 into an annuity earning 4.2% compounded quarterly.Calculate the principal portion of the payments made in the seventh year.Calculate the total interest received in the fifth year.Calculate the interest portion of the 76th payment.Calculate the principal portion of the 203rd payment.A lump sum of $100,000 is placed into an investment annuity to make end-of-month payments for 20 years at 4% compounded semi-annually.Calculate the total interest paid in the first year.Calculate how much the principal will be reduced in the fourth year.Calculate the interest portion of the 17th payment.Calculate the principal portion of the sixth payment.What is the size of the quarterly payment?.Quarterly payments are to be made against a $47,500 loan at 5.95% compounded annually with a six-year amortization.Calculate the principal portion of the payments in the third year.Calculate the total interest paid in the second year.Calculate the interest portion of the 33rd payment.Calculate the principal portion of the 25th payment.What is the size of the monthly payment?.A $14,000 loan at 6% compounded monthly is repaid by monthly payments over four years.
#BIWEEKLY MORTGAGE CALCULATOR $100000.00 250.00 PER PAYMENT SERIES#
Principalįor each of the following ordinary annuities, calculate the total interest and principal portions for the series of payments indicated. \)įor each of the following ordinary annuities, calculate the interest and principal portion of the payment indicated.
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