<u>Answer:</u>
<em>D. The loan’s annual payment requirement expressed as a percentage
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<u>Explanation:</u>
APR is the measure of interest on your absolute home loan credit sum that you'll pay every year arrived at the midpoint with full term of the loan. A lower APR could mean lower month to month contract installments. You will see APRs nearby financing costs in the present home loan rates.
APR is communicated as a rate that shows to the actual yearly cost of assets over the term of credit. This incorporates any expenses related to the exchange. Nevertheless, the exchange rate is not valued.
Answer:
6.60%
Explanation:
We use the RATE formula that is shown in the attachment
Given that,
Present value = $=1,459.51
Assuming figure - Future value or Face value = $1,000
PMT = 1,000 × 11% ÷ 2 = $55
NPER = 18 years × 2 = 36 years
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
So, after solving this, the coupon rate is
= 3.30% × 2
= 6.60%
Answer:
All the parts of questions are explained in the attached files. Please have a look.
Explanation:
Hmmmmmmmmm I have no idea this is a tough question