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

Q: 1. Assume that 1500 Php is deposited in an account in which interest is compounded annually at a…

A: Part 1: Amount = 1500 Php  Interest Rate = 6%  Time period = 5 years  Compounded annually

Q: Miguel received a loan of $10,000 at 4.50% compounded quarterly. He had to make payments at the end…

A: calculating the size of payment using excel pmt function =PMT(rate,nper,pv,[fv]) where, rate = rate…

Q: A debt of $17520 with internet at 6 % compounded quarterly is to be repaid by equal payments at the…

A: The question is based on the concept of Financial Management. Annuity refers to the series of equal…

Q: You have taken a loan of $88,000.00 for 30 years at 4.1% compounded quarterly. Fill in the table…

A: Solution:- Given, Loan = $88,000 Life time = 30 years Compounded quarterly  at 4.1%

Q: • Assume Strand Corp borrowed $200,000 from the bank on 7/1/20; Strand is a calendar year-end.…

A: Journal entry on 07/1/20 , 12 /31/ 20  are as follows

Q: An investor makes a 15 year deposit of $57,632. The bank is paying an interest rate of 11% per year,…

A: The value of deposit is $57,632. The maturity period is 15 years. The annual interest rate is 11%.…

Q: A company borrowed $13,000 paying interest at 5% compounded semi-annually. If the loan is repaid by…

A: Amortization: It represents the process of paying off the loan amount in equal installments…

Q: An amount of $1200 is deposited for 7 years in an account that earns 9% interest. (Round your…

A: P = $1,200R = 9% or 0.09 (as a decimal)T = 7 years

Q: A payment of $400 was made at the end of each year for five years into a savings account. The…

A: Principal amount=Payment per year×Number of years=$400×5=$2,000

Q: Payment Number Monthly Payment Monthly Interest Portion Used to Reduce Principal Loan Balance $…

A: Using given table to calculate monthly payment

Q: Find i.

A: Person A has invested his money at simple interest and person B has invested at the effective rate…

Q: • Assume Strand Corp borrowed $200,000 from the bank on 7/1/20; Strand is a calendar year-end.…

A: It is pertinent to note that under the accrual basis of accounting transactions are recorded as and…

Q: 8. An amount of $4,000 is deposited in a bank paying an annual interest rate of 3.1% compounded…

A:

Q: John takes out a loan of 10000 at effective rate į. You are given: The first annual payment is made…

A: A loan refers to a contract between two parties where a sum is provided by one party to the other…

Q: Mark Welsch deposits $7,900 in an a earned interest must remain in the ac years? (PV of $1, FV of…

A: Given: Deposit = $7,900 Interest rate = 12% Years = 2

Q: Prepare an amortization table showing the principal and interest in each payment. Annual Period…

A: Loan Amortization Table is a statement used to determine annual payment and differentiate principal…

Q: Find the final amount of money in an account if $1,400 is deposited at 2% interest compounded weekly…

A: The concept of the time value of money states that money if invested earns interest and if left idle…

Q: The maturity value of a savings account that belonged to Peach Company was $47,333.50 The interest…

A: Given that: Future value = $47,333.50 Interest rate (First 4 years) = 4% compounded semi annually…

Q: Prepare an amortization schedule for the first 2 payments of a $99,000 mortgage at 3% for 20 years.…

A: The question is based on the concept of Financial Accounting.

Q: You have taken a loan of $95,000.00 for 27 years at 5.5% compounded quarterly. Fill in the table…

A: Given Loan amount is $95000 Term is 27 years Rate is 5.5%

Q: an borrows Php 5000 with the agreement to pay the principal and all accumulated simple interest at…

A: In simple interest there is no interest on interest and interest on principal loan amount only so it…

Q: Ahlam borrows AED 3,000,000 to be repaid over 6 years at 8 percent. What is the repayment of…

A: An annual mortgage payment is an annual payment that is to be paid for a specific period of time to…

Q: Lime Co. incurs a $4,000 note with equal principal installment payments due for the next eight…

A: Introduction: Non current liability: The liabilities which are to be paid more than 1 year period of…

Q: long term note payable for $100,000 pay back principal and 6% semi annual interest (annual interest…

A: Interest rate = 6% compounded semi annually So, semi-annual rate = 3% Similarly, time = 5 years…

Q: You deposit $5100 in an account earning 4% compound interest for 3 years. Find the future value and…

A:

Q: You have taken a loan of $64,000.00 for 26 years at 4.7% compounded quarterly. Fill in the table…

A: Here, Particulars Values Loan Amount  $ 64,000.00 No. of years  26.00 Interest rate 4.700%…

Q: Halep Inc. borrowed $30,000 from Davis Bank and signed a 4-year note payable stating the interest…

A: Given that Halep Inc. borrowed $30,000 from Davis4-year note payable stating the interest rate was…

Q: A businessman borrowed P 50,000 today from bank with interest rate of 8% compounded quarterly…

A: Answer : Quarterly interest rate = 8%/4 = 2% Number pf quarter in 10 years = 10*4 = 40 Loan amount =…

Q: A businessman borrowed P 50,000 today from bank with interest rate of 8% compounded quarterly…

A: The question is based on the concept of Financial Management. Annuity refers to the series of equal…

Q: You have taken a loan of $5,000.00 for 4 years at 2.3% compounded monthly. Fill in the table below:…

A: We need to calculate the monthly payment(PMT) of loan by using this equation PMT…

Q: Find the compound interest earned if PhP 52,738 is deposited in a bank at 3.7% compounded monthly…

A: Compound Interest = P(1+r)^t - PWhere P = Principal = PhP 52,738R = Rate on interest = 3.7% / 12 =…

Q: You have taken a loan of $92,000.00 for 37 years at 5.1% compounded quarterly. Fill in the t below:…

A: Loans are paid by the periodic payments that carry the payment for interest and payment for loan but…

Q: Phil Pittman is interested in a fixed-rate mortgage for $300,000. He is undecided whether to choose…

A: The company is considering the mortgage value in case of requirement of loans. The mortgage value…

Q: Question.2 A person borrows 200,000 TL loan from a bank to be paid in 30 years with 30 equal…

A: Loan amount=200000Period=n=30 yearsInterest rate=r=3%

Q: 40,000 is repaid over 9 years with payments occurrir = the size of the periodic payment? = the…

A: interest rate is compounding quarterly so we have to find effective annual interest rate.

Q: Cameron had an agreement to make three debt payments: 1. $1,100 10 months from now 2. $1,500…

A: Dues: 1100 10 months from now 1500 19 months from now 3200 28 months from now Payment to be made in…

Q: 02: A $150000 real estate loan at 9% compounded monthly is repaid by monthly payments over 20 years.…

A: Amortization schedule refers to the statement showing the amount of payment made on each period…

Q: long term note payable $100,000 and promise to pay back the principal and 6% semi annual interest…

A: Notes payable: It is a long term liability to the organization issuing it. It is issued to raise…

Q: A loan is amortized over 9 years, with monthly payments at a nominal rate of 9% compounded monthly.…

A: Given the following:  First payment, P = $1,000  Nominal rate= 9% Term = 9 years  Growth rate, g =…

Q: $100 is deposited in the bank and remains in the account for three years, earning 6% per year with…

A: Here, Initial Deposit Amount is $100 Interest Rate is 6% Interest Method is Simple Interest Method.

Q: Michael Sanchez purchased a condominium for $94,000. He made a 20% down payment and financed the…

A: (a) Debt = $94,000×80%=$75,200 Period = 30 years Rate = 5% Monthly payment (using the table given) =…

Q: Sheridan Inc. received a five-year bank loan bearing interest at 7% with principal and interest…

A: Formula for Interest Calculation = Opening Principal balance of the year * 7%Formula for Reduction…