Answered: You have taken a loan of $92,000.00 for… | bartleby

Corporate Fin Focused Approach

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter4: Time Value Of Money

Section4.17: Amortized Loans

Problem 1ST

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Question

You have taken a loan of $92,000.00 for 37 years at 5.1% compounded quarterly. Fill in the table
below: (Round all answers to 2 decimal places.)
Payment number Payment amount Principal Amount Interest
0)
1)
2)
3)
$
LA
tA
LA
LA
Balance
$92,000.00
LA

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