Prepare an amortization table showing the principal and interest in each payment.

$30,000 is deposited in an account in which it earns 10% interest compounded annually. No principal or interest is withdrawn from the account. Instead, both continue to earn interest over time. Find the account balance after four years using the compound interest formula

An amount of $1600 is deposited for 8 years in an account that earns 9% interest. (Round your answers to two decimal places.) (a) Calculate the simple interest earned.$  (b) Calculate the interest earned if interest is compounded daily.$  (c) How much more interest is earned on the account when the interest is compounded daily?

Halep Inc. borrowed $42,355 from Davis Bank and signed a 9-year note payable stating the interest rate was 5% compounded annually. Using the Present Value of an Annuity of 1 TABLE4 or Figure B2 in the textbook B, what is the factor?

Colton received a loan of $44,700 at 8.1% compounded semi-annually and settled the loan by making payments at the end of every three months for one year. Round off all answers to two decimal places a) Calculate the size of the payments. PMT Payment Number b) Fill in the missing values in the amortization schedule below. 0 2 3 Payment Amount ($) PMT $ $ $ - $ $ Interest Portion ($) INT Principal Portion ($) PRN Loan Balance ($) BAL $44,700

A depositor open a new savings account with $6000 at 5% compounded semiannually. At the end of 4 years, an additional $7000 is deposited. At the end of 5 years, What is the balance in the account?

An amount of $1,000 is deposited in an account that carries a rate of 8% compounded semi- annually. What will be the balance in the account at the end of 5 years? A. $12,006.11 В. $1,469.33 C. $1,216.65 D. $1,480.24

Hinton Inc. borrowed$35,000for 7 years at a simple interest rate of6.1%. The interest was to be paid monthly. (a) Find the monthly interest payment. (Round your final answer to two decimal places.)$ (b) Find the total amount of interest paid.

Far East Imports Inc. owes $64 000.00 to be repaid by monthly payments of $2475.00. Interest is 6.12% compounded monthly. What is the outstanding principal amount at the end of year 2? Group of answer choices 50300.5449080.1059691.8455312.87

Use this table to find the monthly mortgage payments, when necessary. Tanyarita has a mortgage of $52,500 at 7% for 20 years. The property taxes are $2,600 semiannually, and the hazard insurance 2 premium is $130 quarterly. Find the monthly taxes and insurance payment. $227.50 $476.67 $661.94 $899.82