Given the following information from an amortization table, compute the interest expense and the carrying value for the next line of the table, rounding your answer to the nearest dollar:3% Cash 2% EffectiveInterest$1,260InterestPremiumAmortizationCarryingValue$864$396$42,815O O O OA. Interest Expense $856; Carrying Value $43,671B. Interest Expense $864; Carrying Value $42,411○ C. Interest Expense $864; Carrying Value $43,671OD. Interest Expense $856; Carrying Value $42,411

An amortization table tracks the reduction of a premium or discount over the life of a bond. Each…

Answered: Given the following information from an…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Given the following information from an amortization table, compute the interest expense, discount amortization, and the carrying value for the next line of the table, rounding your answer to the nearest dollar: 6% Cash Interest $42,000 7% Effective Discount Carrying Value Interest $47,714 Amortization $5,714 $687,344 A. Interest Expense $47,714; Discount Amortization $5,714; Carrying Value $687,344 B. Interest Expense $48,114; Discount Amortization $5,714; Carrying Value $681,630 ○ C. Interest Expense $48,114; Discount Amortization $6,114; Carrying Value $693,458 OD. Interest Expense $47,714; Discount Amortization $5,714; Carrying Value $681,630
Can someone explain how was the table of amortization calculated? Please show solution. Table of amortization is already given below
From the partial/incomplete amortization table below. what is the perlodic tgot payment for the 1st period? Interest Раyment Periodie Repayment Outstanding Principal 7,000,000.00 Periodic Period Payment 0. 100,000 00 100,000 00 100,000 00 60,000 00 O P160,000 00 O PI30.000.00 P40,000 00 P60.000 00 0123
Use a calculator to evaluate the amortization formula P(+) - ( 1₁ + =) - nt m = $ 1- for the values of the variables P, r, and t (respectively). Assume n = 12. (Round your answer to the nearest cent.) $14,000; 5%; 6 yr
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$125,000
Use the amortization table to determine how much of the 10th payment is interest. The interest amount of the 10th payment is $ enter your response here
1. Construct a partial amortization schedule showing the last 2 payments. PMT Setting N I/Y P/Y C/Y PV PMT FV Payment NumberPaymentInterest PaidPrincipal RepaidOutstanding Principal 2. Determine the total amount paid to settle the loan. Show work, not just the answer. 3. Determine the total principal repaid. 4. Determine the total amount of interest paid. Show work, not just the answer.
For each of the following annuities, calculate the future value. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Future Value Annual Payment $ $ $ $ 1,790 8,520 4,270 9,050 Years 10 34 9 32 Interest Rate 6 % 7 4 8
Make your own amortization schedule using the given data Compute and complete the amortization table Period: 6 semi-annual periods (3 years) Effective interest: 8% Stated rate: 10% Face Value: 100,000 Issue Price: 105,242.14 Amortization of Carrying Balance Period Interest paid=100,000 x 5% Expense=carrying Interest to be Discount amount x 4% -Int exp. - Int paid 105,242.14 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 3. 4
Use the number 4 formula in the second image labeled principal contained in kth payment (NO EXCEL). Please write out all steps and explain.
Use the amortization table to determine how much of the 5th payment is interest. Click the icon to view the amortization table. The interest amount of the 5th payment is $ (Type an integer or a decimal.) Amortization Table Payment Number 0 1 2 3 4 5 6 7 8 9 10 11 12 Amount of Payment $301.23 $301.23 $301.23 $301.23 $301.23 $301.23 $301.23 $301.23 $301.23 $301.23 $301.23 $301.26 Amortization Table Interest for Period Print $17.50 $16.08 $14.66 $13.22 $11.78 $10.34 $8.88 $7.42 $5.95 $4.47 $2.99 $1.50 Portion to Principal $283.73 $285.15 $286.57 $288.01 $289.45 $290.89 $292.35 $293.81 $295.28 $296.76 $298.24 $299.76 Done Principal at End of Period $3500.00 $3216.27 $2931.12 $2644.55 $2356.54 $2067.09 $1776.20 $1483.85 $1190.04 $894.76 $598.00 $299.76 $0.00 ✔
ging 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. %23 PMT Interest Principal Balance 8,000.00 1 321.50 40.00 281.50 7,718.50 2 321.50

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