A Company recieved a loan of 180,000 at 5%Compounded monthly-to Purchase equipment for the company if they have to repay $1500 at the endof every month construct an amorti3ation Schedule Provding details of this repayment
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- Sharapovich Inc. borrowed $50,000 from Kerber Bank and signed a 5-year note payable stating the interest rate was 5% compounded annually. Sharapovich Inc. will make payments of $11,548.74 at the end of each year. Prepare an amortization table showing the principal and interest in each payment.On January 1, 2018, King Inc. borrowed $150,000 and signed a 5-year, note payable with a 10% interest rate. Each annual payment is in the amount of $39,569 and payment is due each Dec. 31. What is the journal entry on Jan. 1 to record the cash received and on Dec. 31 to record the annual payment? (You will need to prepare the first row in the amortization table to determine the amounts.)Write out a complete schedule for the amortization of a $50,000 loan with payments every 6 months at 14% interest compounded semiannually for 1 year. Complete the schedule below. Payment number Amount Interest 1 $ $ 2 S $ (Round to the nearest cent as needed.) Applied to principal $ $ Unpaid Balance $ $
- Akuse Tours company secures a loan of GHS200,000 over 2 years at 10.5% compounded quarterly year to purchase more tour buses for the upcoming Christmas festivities. Requirements: a. Compute the quarterly installment the entity will be required to pay. b. Prepare a spreadsheet model indicating the installment and the loan amortization schedule.The following is an extraction from an amortisation schedule for a filling station. The loan will be paid off in 15 years. Month Outstanding Interest Payment Principal Outstanding principal at due at repaid principal at the the end month end beginning of the of the month month 15 R385 232,41 R3 081,86 A R1 119,21 с 120 R202 152,34 R1 617,22 A B R199 568,48 The applicable yearly interest rate is ... A. 8,0%. B. 9,6%. C. 12,0%. D. 8,3%.A company received a loan of $140,000 at 5% compounded monthly to purchase equipment for the company. If they have to repay $1500 at the end of every month, construct an amortization schedule providing details of this repayment. ₂
- Develop 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 $ $ $ $0.00AmortizationThe accountant requests a loan of $2,000 from a bank; agrees to make quarterly payments, for two years, at a rate of 24% compounded monthly. Make an amortization table.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…
- Construct the amortization schedule for a $15,000.00 debt that is to be amortized in 10 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 Payment Number Payment Interest Balance Unpaid Balance Reduction $The following is an extraction from an amortisation schedule for a filling station. The loan will be paid off in 15 years. Month Outstanding Interest Payment Principal Outstanding principal at due at repaid principal at the the end month end beginning of the of the month month 15 R385 232,41 R3 081,86 A R1 119,21 C 120 R202 152,34 R1 617,22 A B R199 568,48 The value of B equals ... A. R3 579,87. B. R1 684,60. C. R2 583,85. D. R5 818,29.Marpole Carpet Cleaning borrowed $7600 from Richmond Credit Union at 8% compounded quarterly. The loan is to be repaid by equal quarterly payments over a two-year term. Construct the amortization schedule for the loan.
