Question Type 2: Calculating Amortization amounts Exercises

Calculate the monthly repayment amount for a loan of €1000 at an annual interest rate of 6%, compounded monthly, over 1 year.

Calculate the monthly repayment amount for a €5000 loan at an annual interest rate of 8%, compounded monthly, over 2 years.

Calculate the monthly repayment for a €3000 loan at 6% annual interest, compounded monthly, amortized over 9 months.

Find the monthly repayment for a €2000 loan at 10% annual interest, compounded monthly, over 18 months.

Determine the monthly payment for a €10,000 loan at 5% annual interest, compounded monthly, amortized over 3 years.

A borrower takes a €15,000 loan at 7.5% annual interest, compounded monthly, amortized over 5 years. Calculate the monthly repayment amount.

Compute the total interest paid over the life of a €4000 loan at 7% annual interest, compounded monthly, amortized over 2 years.

Calculate the quarterly repayment amount for an €8000 loan at 6% annual interest, compounded quarterly, over 4 years.

For a €5000 loan at 8% annual interest, compounded monthly over 2 years, calculate the outstanding balance after 12 payments.

A borrower takes a €25,000 loan at 12% annual interest, compounded monthly, amortized over 10 years. Calculate the monthly repayment.

Determine how much the monthly payment increases if the interest rate on a €5000, 2-year amortized loan (originally at 8% annual, monthly compounding) rises to 9% annual, compounded monthly.