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- If Bergen Air Systems takes out a $100,000 loan, with eight equal principal payments due over the next eight years, how much will be accounted for as a current portion of a noncurrent note payable each year?a. Set up an amortization schedule for a $19,000 loan to be repaid in equal installments atthe end of each of the next 3 years. The interest rate is 8% compounded annually.b. What percentage of the payment represents interest and what percentage representsprincipal for each of the 3 years? Why do these percentages change over time?4) Set up an amortization schedule for a $25,000 loan to be repaid in equal installments at the end of each of the next 3 years. Interest rate is 10% compounded annually.a. What percentage of the payment represents interest and what percentage represents principal for each of the 3 years.
- A loan of $20,000 has a stated interest rate of 5 percent per year. Repayment of principal and all accumulated interest is to be made at the end of year 10. a) How much is paid at the end of the tenth year? b) How much simple interest is paid (excluding the interest accumulated on interest)? c) How much compound interest is paid (i.e., interest on interest)? please show formulas. ThanksSuppose a borrower makes a $100,000 loan with annual payments at a 10 percent rate and a 10-year term. The loan is fully amortizing; however, payments are made on an annual basis to simplify the initial illustration. How the annual loan payment is calculated?Prepare an amortization schedule for a three-year loan of $57,000. The interest rate is 8 percent per year, and the loan calls for equal annual payments. How much interest is paid in the third year? How much total interest is paid over the life of the loan?
- Prepare an amortization schedule for a three year loan of $57,000. The interest rate is 8% per year, and the loan calls for equal annual payments. How much interest is paid in the third year? How much total interest is paid over the life of the loan?Prepare an amortization schedule for a five-year loan of $71,500. The interest rate is 7 percent per year, and the loan calls for equal annual payments. How much interest is paid in the third year?Consider a loan of $2.5 million that is paid quarterly over a period of 10 years. Calculate the dollar amount of interest and loan principal repaid corresponding to each payment if the interest rate is 9% per year, compounded quarterly. What is the 5th Quarter Interest and also the 5th Quarter Principal Repayment respectively O a $157,274.15 and $232,276.07 O b. $97,158.12 and $95,032.24 O c. $46,919.62 and $32,752.85 O d. $52,601.74 and $42,841.70
- a demand loan of $3000 is repaid by payments of $1500 after two years, $1500 after four years, and a final payment after six years. interest is 7% compounded quarterly for the first two years, 8% compounded annually for the next two years, and 8% compounded quarterly thereafter. what is the size of the final payment?A loan is being repaid by 20 level annual payments of R, where R is three times the amount of interest that accrues during the first year. Find the interest rate of the loan expressed as an effective annual rate.A loan of L is being amortized with payments at the end of each year for 10 years. If vs = 22/30, find expressions for the following in terms of (a) The amount of principal reapid in the first 5 payments. (b) The amount due at the end of 10 years if the final 5 payments are not made as scheduled