C. DEVELOP AN AMORTIZATION SCHEDULE FOR A LOAN OF $20,000 WITH INTEREST AT 12%, COMPOUNDED QUARTERLY, IF IT IS TO BE REPAID BY 4 QUARTERLY PAYMENTS OF EQUAL SIZE. PAYMENT PAYMENT INTEREST BALANCE UNPAID NUMBER AMOUNT 1 2 3 TOTAL REDUCTION BALANCE INTEREST
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- Assessment I. Construct an amortization table for a loan of PHP1000 to be paid in 4 annual payments at 10% annual effective interest rate. Complete the table below. Periodic Starting Balance Payment Principal Remaining Balance Period Interest 1. 1,000 100.00 784.53 2 784.53 315.47 237.02 315.47 54.75 286.79 4 286.79 315.47 0.00 3.Complete the first three lines of an amortization schedule for the following loan. Assume monthly payments. amount, $6000; rate, 9%; time, eighteen months Fill out the amortization schedule below, assume monthly payments and round all values to the nearest cent. Payment Amount of Interest Applied to Number Payment Payment Principal 2 3 $ $ $ Balance $6000 $ $Construct the amortization schedule for a $16,000.00 debt that is to be amortized in 12 equal semiannual payments at 6% interest per half-year on the unpaid balance. Fill out the amortization schedule below. Round all values to the nearest cent. Unpaid Balance Reduction Payment Number 0 Payment Interest Unpaid Balance $ C... ci, 1.
- Compute the size of the final payment for the following loan. Principal $ Periodic Payment $ Payment Period Payment Made at: Interest Rate % Compounding Period 8100 520 3 months beginning 8 quarterly The size of the final payment is $_ .?a. Complete an amortization schedule for a $33,000 loan to be repaid in equal installments at the end of each of the next three years. The interest rate is 9% compounded annually. Round all answers to the nearest cent BeginningRepaymentEndingYearBalancePayment nterestof Principal Balance 1$ fill in the blank 2$ fill in the blank 3$ fill in the blank 4$ fill in the blank 5$ fill in the blank 62$ fill in the blank 7$ fill in the blank 8$ fill in the blank 9$ fill in the blank 10$ fill in the blank 113$ fill in the blank 12$ fill in the blank 13$ fill in the blank 14$ fill in the blank 15$ fill in the blank 16b. What percentage of the payment represents interest and what percentage represents principal for each of the three years? Round all answers to two decimal places.% Interest % Principal Year 1:fill in the blank 17% fill in the blank 18% Year 2:fill in the blank 19% fill in the blank 20% Year 3:fill in the blank 21% fill in the blank 22%c. Why do these percentages change over…+ ument Construct an amortization schedule for a Php10,000, 6% annual rate loan with 6 equal payments. Ending Loan Balance Period Beginning Loan Balance Payment Interest Principal
- Find the payment necessary to amortize a 4% loan of $900 compounded quarterly, with 15 quarterly payments. The payment size is SDevelop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $15,000 for 1 year at 12% compounded quarterly Period Payment Interest Balance Reduction Unpaid Balance $15,000 1 $ $ $ $ 2 $ $ $ $ 3 $ $ $ $ 4 $ $ $ $0.00Find the amortization table for a $13,000 loan amortized in five annual payments if the interest rate is 4.3% per year compounded annually. end of repayment made period 0 1 ~ 3 + 5 2 4 Interest charged Payment Toward Principal Outstanding Principle 13000
- Determine the equal end of year payment necessary to amortize fully a sh600,000. 10% loan over 4 years. Assume payment is to be rendered a) annually b) semi-annually c) Quarterly d)MonthlyFind the payment necessary to amortize a 6% loan of $100,000 compounded annually, with 11 annual payments. The payment size is SFind the payment R needed to amortize a loan of $22,000 at 3.5%/year compounded monthly with 36 monthly installments over a period of 3 years