2) A 30 year $100, 000 loan is made with effective annual interest i = 9% for the first 10 years andi = 7% for the next 20 years. The loan is paid off with constant yearly payments K beginning one yearafter the loan is made. Find K, and find the OB10 and OB25. Lastly, fill out the following amortizationtable for 3 years.OutstandingPrincipleRepaidPaymentInterestBalance$100, 000123.

Loan amortization is the process of reimbursement of loan periodically by the borrower of the loan…

2) A 30 year $100,000 loan is made with effective annual interest i = 9% for the first 10 years and = 7% for the next 20 years. The loan is paid off with constant yearly payments K beginning one year ter the loan is made. Find K, and find the OB10 and OB25. Lastly, fill out the following amortization able for 3 years. Principle Outstanding t Payment Interest Repaid Balance $100, 000 1 2 3

2) A 30 year $100,000 loan is made with effective annual interest i = 9% for the first 10 years and = 7% for the next 20 years. The loan is paid off with constant yearly payments K beginning one year ter the loan is made. Find K, and find the OB10 and OB25. Lastly, fill out the following amortization able for 3 years. Principle Outstanding t Payment Interest Repaid Balance $100, 000 1 2 3

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Find the payment R needed to amortize a loan of $22,000 at 3.5%/year compounded monthly with 36 monthly installments over a period of 3 years
1. A promise to repay $94,000 three years from now at an interest rate of 8%. 2. An agreement to make three separate annual payments of $25,000, with the first payment occurring 1 year from now. The annual interest rate is 5% Option 1 Loan amount Option 2 Annual payments Table Value Table Value Amount Amount Present Value Present Value
Suppose you borrow $14,000. The interest rate is 11%, and it requires 4 equal end-of-year payments. Set up an amortization schedule that shows the annual payments, interest payments, principal repayments, and beginning and ending loan balances. Round your answers to the nearest cent. If your answer is zero, enter "0". Beginning Repayment Ending Year Balance Payment Interest of Principal Balance 1 $ fill in the blank 60 $ fill in the blank 61 $ fill in the blank 62 $ fill in the blank 63 $ fill in the blank 64 2 $ fill in the blank 65 $ fill in the blank 66 $ fill in the blank 67 $ fill in the blank 68 $ fill in the blank 69 3 $ fill in the blank 70 $ fill in the blank 71 $ fill in the blank 72 $ fill in the blank 73 $ fill in the blank 74 4 $ fill in the blank 75 $ fill in the blank 76 $ fill in the blank 77 $ fill in the blank 78 $ fill in the blank 79
Prepare the amortization schedule for a 30 year loan of $100,000. Interest rate is 3% compounded monthly and the loan calls for monthly payments. Please answer very soon will give rating surely
Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $210,000 for 3 years at 6% compounded annually Period Payment Interest Balance Reduction Unpaid Balance $210,000 1 $ $ $ $ 2 $ $ $ $ 3 $ $ $ $0.00
A construction company plans to accelerate the payments on an equipment loan as production increases. The initial payment is $10,000 per year and the plan is to increase the payment, beginning in year 2, by an additional $1,000 each year through year 10. Determine the equivalent annual payment if the loan interest rate is 12%. Select one: O a. $13,585 Ob. $12,650 Oc. $18,650 O d. $15,485 Next page GRO3-07.06.2021 Time:14.30 Jump to... u Rabiu (Log out) N 204 14:43 AK A O 4x O ENG 24/06/2021
Problem 1: You take out an amortized loan for $10,000. The loan is to be paid in equal installments at the end of each of the next 5 years. The interest rate is 8%. Construct an amortization schedule. Problem 2: A. Calculate the PV of $100 due in 5 years compounded daily at 12%. B. Calculate the FV of $1000 due in 3 years at 6% compounded quarterly. C. Calculate the FVA of $300 due at the end of each of the next 5 years at 4%. D. Calculate the PVA of $300 due at the end of each of the next 5 years at 4%. Problem 3: Compute the EAR of 10% compounded daily.
Consider a 4-year amortizing loan. You borrow $2,400 initially and repay it in four equal annual year-end payments. a. If the interest rate is 10%, what is the annual payment? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Annual payment $ ✓Answer is complete and correct. Time b. Prepare an amortization schedule. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. Leave no cells blank - be certain to enter "0" wherever required. 1 2 3 4 Loan Balance (S) 2,400.00 2,400.00 757.13 1,882.87 x 1,314.03 688 Answer is complete but not entirely correct. Year-End Interest Due on Loan Balance (5) 240.00 188.29 131.40 68.83 Total Year- End Payment ($) 10 757.13 757.13 757.13 757.13 Amortization of Loan (S) 0 517.13 568.84 625.73 688.30
Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $130,000 for 3 years at 10% compounded annually Period Payment Interest Balance Reduction Unpaid Balance $130, 000 1 $ $ $ $2$$$$3$ $$ $0.00
Mr. Marc Pogi wish to purchase a house and lot in San Carlos City worth 2,200,000 pesos and the seller requires a 15% down payment. Then Mr. Marc Pogi will loan 6.5% monthtly interest rate to be paid for 20 years. Answer the following questions and find the unknown value needed in the amortization table below for the first 6 months of payment. Period Monthly Amortization Interest Principal Outstanding Balance 1 A? 2 3 c? 4 B? D?

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