Find 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 2 3 4 5 Interest charged Payment Toward Principal Outstanding Principle 13000
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- Use aspreadsheet to create amortization schedules for the following five scenarios.What happens to the total interest paid under each scenario?a. Scenario 1:Loan amount: $1 millionAnnual rate: 5 percentTerm: 360 monthsPrepayment: $0b. Scenario 2: Same as 1, except annual rate is7 percentc. Scenario 3: Same as 1, except term is 180monthsd. Scenario 4: Same as 1, except prepayment is$250 per monthe. Scenario 5: Same as 1, except loan amount is$125,000Consider 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 CIn an amortization table for a four-year loan of $45,280, given an interest rate of 11%, how much will the principal payment be in the second year if the loan calls for equal payments? Select one: a.$15222.90 O b.$10,448.32 O c.$15,593 d.$10,671.69
- Create an amortization table for a 15-yr fully amortizing, 6% loan for $10 million. Assume annual payments. What is the loan balance after year 5?Prepare a duration table under the following assumptions a. $100,000 fully amortizing loan b. Annual payments c. 20-year amortization d. 7% stated rate e. 7% yield4. Consider the following financing information for a loan of $103,000: Item Value Loan amount $103,000 2 years Loan length Contractual interest rate 8% Origination fee Payment type 4.3% Quarterly payments, equally amortized Find the actuarial interest te, the annual percentage interest rate, and the effective interest rate.
- Construct an amortization schedule for a $1,000, 3.9% annual rate loan with 3 equal payments. The first payment will be made at the end of the 1st year. Find the required annual payments Selected Answer: $356.9 Answers: $356.9 $359.7 $367.2 $370.5 what’s the ending balance of the amortized loan at the end of the first year? Selected Answer: $678.1 Answers: $650.2 $669.1 $678.1 $679.3Q6) Amortize the loan of $13900 for 4% interest rate and 3 years Years Beginning Balance PMT INT Principle End Balance 1 2 3 TotalH3. A loan of $18430 is to be repaid at 4% effective by payments of $1500 at the end of each year for as long as possible and an additional smaller payment X made one year after the last full payment. Calculate X. A 367.68 B 369.17 C 358.25 D 353.54 E 376.99 Please show proper step by step calculation
- What is the quarterly payment on a loan of $22,000 for 5 years at i= 8% per year, compounded semi-annually? Assume that interperiod cash flows earn compound interest (ABET, SO1) Select one: O a. 1220 O b. 1342 O c. 1281 O d. 1403 O e. 14643. Find the payment necessary to amortize the following loans using the amortization table, and round to the nearest cent if needed. Amount of Loan: $12000 Interest Rate: 6% Payments Made: semiannually Number of Years: 8A LOAN OF P100,000 MUST BE REPAID BY A UNIFORM AMOUNT EVERY YEAR FOR 10 YEARS AT 10% INTEREST PER YEAR. DETERMINE THE AMOUNT OF PERIODIC PAYMENTS AND CONSTRUCT THE AMORTIZATION SCHEDULE PERIOD PRINCIPAL AT INTEREST PER PERIODIC PAYMENTS TO PRINCIPAL OF THE PERIOD PAYMENTS THE PRINCIPAL THE END OF BEGINNING OF EACH PERIOD EACH PERIOD ТОTAL
