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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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
Take a look at the chart pls..
Prepare the amortization table for 2025, assuming that amortization is recorded on interest payment dates using the effective-interest method. (Round answers to 0 decimal places, e.g. 25,000.) Date Cash Expense Amortization Carrying Amount 1/1/25 $enter a dollar amount 6/30/25 $enter a dollar amount $enter a dollar amount $enter a dollar amount enter a dollar amount 12/31/25 enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount
Here is your assignment...Create Amortization schedule;1. Principal amount 350,000, interest 7%, terms3 years, monthly payment2. Principal amount 140,000, interest 6%, terms 4 years, payment : monthly
Consider 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 C
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
Complete the following amortization chart by using Table 15.1. Note: Round your "Payment per $1,000" answer to 5 decimal places and other answers to the nearest cent. Selling price of home down payment principal (loan) Rate of interest years payment per $1,000 Monthly mortgage payment $160,000 $20,000 3 1/2% 30
A loan should be repaid over 8 years with 32 quarterly payments of $362.19 at j4 = 8%. Under the amortization method, what is the principal portion of the 3rd payment? A. $162.24 B. $158.24 C. $203.95 D. $199.95
Use the following amortization chart: Selling price of home $77,000, Down payment $5,000, Principal $72,000, Rate of interest 5.0%, 30 years, Payment per $1,000 $5.37, Monthly mortgage payment $386.64. What is the total cost of interest?
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

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