Kate per period Periods 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% Ab $1 1.

Question

Kate per period Periods 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% Ab $1 1.00500 1.01000 1.01500 1.02000 1.02500 1.03000 1.03500 1.04000 1.04500 105000 1.05500 4.50% ? Use the Chc 2 1.01003 1,0201 10 1.03023 1.04040 1.05063 1.06090 1.07123 1.08160 1.09203 1.10250 1.11303 0 1.04568 1.06121 1.07689 1.09273 1.10872 1.12486 1.14117 1.15763 1.17424 3 1.01508 John 4 1.02015 1.04060 1.06136 1.08243 1.10381 1.12551 1.14752 1.16986 1.19252 1.21551 1.23882 1.02525 105101 1.07728 1.104081.13141 1.15927 1.18769 1.21665 1.24618 127628 1.30696 6 1.03038 1.06152 109344 1.12616 1.15969 1.19405 1.22926 1.26532 1.30226 1.34010 1.37884 7 103553 1.07214 1.10984 1.14869 1.18869 1.22987 1.27228 1.31593 136086 1.40710 1.45468 8 1.04071 1.08286 1.12649 1.17166 1.21840 1.26677 1.31681 136857 1.42210 1.47746 153469 9 1.04591 109369 1.14339 1.19509 1.24886 1.30477 1.36290 1.42331 1.48610 1.55133 161909 10 105114 1.10462 1.16054 1.21899 1.28008 134392 1.41060 1.48024 1.55297 1.62889 1.70814 11 105640 1.11567 1.17795 1.24337 1.31209 138423 1.45997 1.53945 1.62285 1.71034 1.80209 12 106168 1.12683 1.19562 1.26824 1.34489 1.42576 1.51107 1.60103 1.69588 1.79586 1.90121 13 1.06699 1.13809 1.2133S 1.29361 1.37851 1.46853 1.56396 1.66507 1.77220 1.88565 2.00577 14 1.07232 1.14947 1.23176 1.31948 1.41297 1.51259 1.61869 1.73168 1.85194 1.97993 2.11609 15 1.07768 116097 1.25023 134587 1.44830 1.55797 1.67535 1.80094 1.93528 2.07893 223248 16 1.08307 1.17258 1.26899 1.37279 1.48451 1.60471 1.73399 1.87298 2.02237 2.18287 2.35526 17 108849 1.18430 1.28802 140024 1.52162 1.65285 1.79468 1.94790 2.11338 2.29202 2.48480 18 109393 1.19615 1.30734 1.42825 1.55966 1.70243 1.85749 2.02582 2.20848 2.40662 2 62147 9 1.09940 1.20811 1.32695 145681 159865 1.75351 1.92250 2.10685 2.30786 2.52695 2.76565 20 1.10490 1.22019 1.34686 1.48595 1.63862 1.80611 198979 2.19112 241171 265330 2 91776 21 111042 1.23239 1.36706 1.51567 1.67958 1.86029 205943 2.27877 2 52024 2.78596 3.07823 22 1.11597 1.24472 1.38756 1.54598 1.72157 1.91610 2.13151 2.36992 263365 2.92526 3.24754 31.12155 1.25716 1.40838 1.57690 1.76461 197359 2.20611 2 46472 2.75217 3.07152 3 42615 24 1.12716 1.26973 1.42950 1,60844 1.80873 2.03279 228333 2 56330 287601 3 22510 3 61459 25 1.13280 1.28243 1.45095 1.64061 18 26 1.13846 1.29526 1.47271 1.67342 190029 2.15659 2.44596 2.77247 3.14068 3.55567 402 27 1.14415 1.30821 1 49480 1.70689 1.94780 222129 2. 28 1.14987 1.32129 1.5172 1.74102 1.99650 2.28793 2.62017 2 99870 342970 3.92013 447784 5394 2.09378 2.36324 2.66584 3.00543 3.38635 3.81339 3157 2.88337 3.28201 3.73346 4.24440 Print) (Done Sebenit Test

Explanation / Answer

Future value = Loan amount *FVF @8%,3

                     = 4000 * 1.25971

                    = 5038.85

Interest = 5038.85 - 4000 = $ 1038.85

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