2 Name: KhanGhulam III II || 3 Amortization Schedule 4 Instruction: Develop and amortization table for the payment of a loan on a house. Payments are monthly for 10 years. Loan on the house is $179,000. PMT formula Interest is 5.3% annual. PV formula Payment: 10 11 Рayment Amount Payment Payment Beginning Balance Toward Toward Ending 12 Number Month Balance Principal Interest Apr-02 May-02 13 1 179,000.00 14 2 15 16 4 17 18 6 19 56 7 8 9은
2 Name: KhanGhulam III II || 3 Amortization Schedule 4 Instruction: Develop and amortization table for the payment of a loan on a house. Payments are monthly for 10 years. Loan on the house is $179,000. PMT formula Interest is 5.3% annual. PV formula Payment: 10 11 Рayment Amount Payment Payment Beginning Balance Toward Toward Ending 12 Number Month Balance Principal Interest Apr-02 May-02 13 1 179,000.00 14 2 15 16 4 17 18 6 19 56 7 8 9은
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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2 Name: KhanGhulam IIII II ||
3 Amortization Schedule
4 Instruction: Develop and amortization table for the payment of a loan on a house.
Payments are monthly for 10 years.
Loan on the house is $179,000.
5
6.
PMT formula
7
Interest is 5.3% annual.
8
PV formula
9
Payment:
10
11
Payment Payment
Number
Month
|Рayment
Amount
Beginning
Ending
Toward
Toward
12
Balance
Balance
Principal
Interest
Apr-02
May-02
13
1
179,000.00
14
15
3
16
4
17
18
19
7
20
8
21
9.
22
10
23
11
24
12
25
13
26
14
27
15
28
16
29
17
30
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31
19
32
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lili](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F09a865ef-cd53-432a-ba69-87fd7dbe2b35%2F0f4bf2c9-c867-4819-a050-32eefebfa4dd%2F0h0x3vo_processed.png&w=3840&q=75)
Transcribed Image Text:Home
Insert
Draw
Page Layout
Formulas
Data
Review
View
Tell me
Arial
10
A A°
Wrap Text v
General
A
$ v % 9
Paste
В
U
Merge & Center v
13
fx
A
В
C
E
F
J
1
2 Name: KhanGhulam IIII II ||
3 Amortization Schedule
4 Instruction: Develop and amortization table for the payment of a loan on a house.
Payments are monthly for 10 years.
Loan on the house is $179,000.
5
6.
PMT formula
7
Interest is 5.3% annual.
8
PV formula
9
Payment:
10
11
Payment Payment
Number
Month
|Рayment
Amount
Beginning
Ending
Toward
Toward
12
Balance
Balance
Principal
Interest
Apr-02
May-02
13
1
179,000.00
14
15
3
16
4
17
18
19
7
20
8
21
9.
22
10
23
11
24
12
25
13
26
14
27
15
28
16
29
17
30
18
31
19
32
20
lili
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