ttcyftxycf (108)-8

Bb.43.

5. General Computers Inc. purchased a computer server for $56,000. It paid 35.00% of the value as a down payment and received a loan for the balance at 10.00% compounded semi-annually. It made payments of $2,850.75 at the end of every quarter to settle the loan. a. How many payments are required to settle the loan? _________payments b. Fill in the partial amortization schedule for the loan, rounding your answers to two decimal places.  Payment Number Payment  Interest Portion   Principal Portion  Principal Balance  0       $36,400.00  1          2         : : : :  : :  : :  : :  : : : :  : :  : : : :                    0.00  Total

Q1. A $200,000 loan amortized over 14 years at an interest rate of 10% per year requires payments of $21,215.85 to completely remove the loan when interest is charged on the unrecovered balance of the principal. If interest is charged on the original principal instead of the unrecovered balance, what is the loan balance after 14 years provided the same $21,215.85 payments are made each year?     The loan balance is $ .

16) A car loan for $33,550 has an interest rate of 5.25% and is amortized over 60 months. What is the monthly payment on the loan? a. $ 425.78 b. $679.92 17) c. $636.98 d. $351.24 Using the same facts as #16, what is the balance of the loan after 3 full years of payments? a $ 14,482 b. $ 8,299.28 c. Zero. d $15,942

Find the new balance, assuming that the bank charges 1 1/2 % per month on the unpaid balance. PreviousBalance   Payment   NewPurchases $500   $40   $80 STEP 1: Find the unpaid balance after the payment is made on the previous balance.$  STEP 2: Calculate the amount of charge incurred by the unpaid balance.$  STEP 3: Find the new balance.$

This needs to be done with the PMT functions, I can't figure out why the principal and interest don't add to the payment amount. I need help on 38 - 42. Thank you!

Please help

Exercise 2: Directions: Analyze the given amortization procedures in the table below then fill in cach blank using the guide questions below the table. Problem: A salary loan amounting to P15,000 is to be paid annually for 4 years with an interest rate of 6% compounded annually. The annual amortization is P P4,328.87. PRINCIPAL Outstanding Balance Period Regular Interest Payment (R) Component of Component of Раyment A. Раyment PI1,571.13 7,936.53 P3,428.87 C 3,852.68 4,083.84 P900 P694.27 P4,328.87 P4,328.87 P4,328.87 E 4. 245.031 Total G H. Guide Questions: D. For the third payment, how much goes to pay the interest? E. How much is the outstanding balance after the 3rd payment? F. How much should be the outstanding balance after the 4th or last payment? G. How much is the total amount of regular payment for 4 years? H. How much is the total interest paid for 4 years? I. How much is the total payment for the principal for 4 years? 1123-

Need General Accounting Question Solution

Exercise 2: Directions: Analyze the given amortization procedures in the table below then fill in cach blank using the guide questions below the table. Problem: A salary loan amounting to P15,000 is to be paid annually for 4 years with an interest rate of 6% compounded annually. The annual amortization is P P4,328.87. PRINCIPAL Outstanding Balance Interest Regular Payment (R) Period Component of Component of Рауment Раyment P11,571.13 7,936.53 E 1. 2. 3. P4,328.87 P4,328.87 P4,328.87 P900 P694.27 P3,428.87 3,852.68 4,083.84 4 245.031 F Total G. H. Guide Questions: A. How much is the amount of the loan? (Outstanding balance at time 0) B. How much is the first regular annual payment? C. For the second payment, how much goes to pay the principal? D. For the third payment, how much goes to pay the interest? E. How much is the outstanding balance after the 3rd payment? F. How much should be the outstanding balance after the 4th or last payment? G. How much is the total amount of regular…

1) The  total cost of interest is equal to the total of all monthly payments: a.     Divided by the amount of the mortgage b.     Less the amount of the mortgage c.      Plus the amount of the mortgage d.     Times the amount of the mortgage e.     None of the answers 2) From the following facts, for straight-line depreciation, what is:   Given: Cost    - $ 35,000 Residual Value  $ 15,000 Est. . useful life    4   Required: Yearly depreciation   3) From the following facts, for straight-line depreciation, what is:   Given: Cost    - $ 35,000 Residual Value  $ 15,000 Est. . useful life    4   Required: Cost of Equipment at the end of year 2   4) From the following facts, for straight-line depreciation, what is:   Given: Cost    - $ 35,000 Residual Value  $ 15,000 Est. . useful life    4   Required: Book value at the end of year 3

Raymond borrowed $3,000.00 from Loans R Us Company. The line of credit agreement provided for repayment of the loan in equal monthly payments of $668.76 which includes interest of 9.00 % per annum calculated on the unpaid balance.  a.       What is the monthly rate of interest? b.       Calculate the outstanding loan balance at the end of the third payment  c.       What are the total interest charges?  d.       How many payments are required to pay off the loan e.       What is the final Payment

Don't use ai solution please given answer general accounting

can. I get answer no explanation

Answer? Financial accounting question

Help please

A bank customer borrows X at an annual effective rate of 12.5% and makes level payments at the end of each year for n years. (i) The interest portion of the final payment is 153.86. (ii) The total principal repaid as of time (n − 1) is 6009.12. (iii) The principal repaid in the first payment is Y. Calculate Y. OA. 500 OB. 470 O C. 480 O D. 490 OE. 510