Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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- fill this out pleasearrow_forwardDevelop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $200,000 for 3 years at 9% compounded annually Period Payment Interest Balance Reduction Unpaid Balance $200,000 $ 200,000 $1500 $ 195,140.05X 2 $ 200,000 $ 1500 3. $ 200,000 $0.00arrow_forwardDevelop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $80,000 for 3 years at 9% compounded annually Period Payment Interest Balance Reduction Unpaid Balance $80,000 %24 2 24 %$4 $0.00 Need Help? Read it 3.arrow_forward
- Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $40,000 for 1 year at 12% compounded quarterly Period Payment Interest Balance Reduction Unpaid Balance $40,000 1 $ $ $ $ 2 $ $ $ $ 3 $ $ $ $ 4 $ $ $ $0.00arrow_forwardConsider a loan of $8,000 charging interest at j12-6% with monthly payments of $321.50 Calculate the missing amounts in the amortization table. Place the value for A in the first answer box, B in the second and C in the third. PMT Interest Principall Balance 8,000.00 1321.50 40.00 281.50 7,718.50 2 321.50 A Carrow_forwardquestion on the picarrow_forward
- 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.arrow_forwardPart a. Loan payments you borrow $100,000 over a period of 30 years at a fixed APR of 5.5% calculate the monthly payment Part b. Determine the total amount paid, then figure out what percentage is paid towards the principal and what percentage is paid for interest. Please solve part A and B they go together. I included an example problemarrow_forwarda. Complete an amortization schedule for a $29,000 loan to be repaid in equal installments at the end of each of the next three years. The interest rate is 10% compounded annually. Round all answers to the nearest cent. Beginning Repayment Ending Year Balance Payment Interest of 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 6 2 $ fill in the blank 7 $ fill in the blank 8 $ fill in the blank 9 $ fill in the blank 10 $ fill in the blank 11 3 $ fill in the blank 12 $ fill in the blank 13 $ fill in the blank 14 $ fill in the blank 15 $ fill in the blank 16 b. 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…arrow_forward
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