Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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- D ▶ Construct on amortization Schedule for a $275,000, 68% amual rate loan with 30 equal payments. SHTE Darrow_forwardPrepare a duration table under the following assumptions a. $100,000 fully amortizing loan b. Annual payments c. 20-year amortization d. 15% stated rate e. 17% yieldarrow_forwardA $22,550 loan is to be settled by making payments of $6,862 at the end of every three months. The interest is 4.5% compounded semi-annually. a) Find the number of payments in the term. N Payment Number b) Fill in the missing values of the amortization schedule below. Round off your answers to two decimal places. Enter a positive value for all answers. 0 1 2 3 4 Payment Amount ($) PMT $ 6,862 $ 6,862 6,862 = 3.37 $ 2,531.51 x Interest Portion ($) INT $254.64 X $180.03 X $104.57 X $28.27 X Principal Portion ($) PRN GA X FA FA 6,607.36 x Loan Balance ($) BAL $ 15,942.6 x FA $22,550 FAarrow_forward
- 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 $arrow_forwardPlease helparrow_forwardSaved The interest rate on a $14,600 loan is 10.0% compounded semiannually. Semiannual payments will pay off the loan in seven years. (Do not round Intermedlate celculatlons. Round the PMT and final answers to 2 declmal places.) a. Calculate the interest component of Payment 10. Interest $4 b. Calculate the principal component of Payment 7. Principal 24 c. Calculate the interest paid in Year 6. Interest paid d. How much do Payments 7 to 10 inclusive reduce the principal balance? Principal reductionarrow_forward
- Find the amortization table for a $8,000 loan amortized over 3 years with semiannual payments if the interest rate is 5.9% per year compounded semiannually. (Round your answers to the nearest cent.) Payment Toward Payment Toward Outstanding Principle End of Payment Made Period Interest Principal 8000 1 2arrow_forwardTake a look at the chart pls..arrow_forwardCarry out the amortization table of an automobile loan that is canceled with 36 monthly payments of $ 5,750, at an interest rate of 25.20% per annum, compounded by months, to. Make the amortization table for this case that contains: payment, interest, payment to capital and unpaid balance. b. What is the unpaid balance after making payment number 15? c. What is the unpaid balance after making payment number 30?arrow_forward
- Suppose you borrow $14,000. The interest rate is 11%, and it requires 4 equal end-of-year payments. Set up an amortization schedule that shows the annual payments, interest payments, principal repayments, and beginning and ending loan balances. Round your answers to the nearest cent. If your answer is zero, enter "0". Beginning Repayment Ending Year Balance Payment Interest of Principal Balance 1 $ fill in the blank 60 $ fill in the blank 61 $ fill in the blank 62 $ fill in the blank 63 $ fill in the blank 64 2 $ fill in the blank 65 $ fill in the blank 66 $ fill in the blank 67 $ fill in the blank 68 $ fill in the blank 69 3 $ fill in the blank 70 $ fill in the blank 71 $ fill in the blank 72 $ fill in the blank 73 $ fill in the blank 74 4 $ fill in the blank 75 $ fill in the blank 76 $ fill in the blank 77 $ fill in the blank 78 $ fill in the blank 79arrow_forwardCreate the amortization schedule for a loan of $15,000, paid monthly over three years using a 9 percent APR. Enter the data for the first three months. (Round your answers to 2 decimal places.) Month 1 2 3 Beginning Balance Total Payment Interest Paid $ 15,000.00 $ 477.00+-0.5% $ 112.50+-0.5% 477.00+/-0.5% 109.77+/-0.5% 107.01+/-0.5% 477.00+/-0.5% 14,635.50+/-0.1% 14,268.27+/-0.1% Principal Paid $ 364.50+-0.5% Ending Balance $ 14,635.50+/-0.1% 14,268.27+/-0.1% 367.23+/-0.5% 369.98+/-0.5% 13,898.29+/-0.1%arrow_forwardConstruct the amortization schedule for a $17,000.00 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 Balance Reduction Payment Number 0 1 2 Payment Interest $ $ $ $ $ $ Unpaid Balance $ $ WEEKERarrow_forward
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