4. Peter has a debt of DKK 5,000, which he must pay off by DKK 862.74 each month. Hepays 1% interest rate each month.Principal Outstandingat Beginning of Period | Payment5,000.004,187.26Principal Outstandingat End of PeriodInterestRepayment862.7450812.744,187.26862.74a) Complete the amortization schedule.

Amortization schedule refers to the presentation of complete loan payments over the life of the loan…

4. Peter has a debt of DKK 5,000, which he must pay off by DKK 862.74 each month. He pays 1% interest rate each month. Principal Outstanding at Beginning of Period 5,000.00 Principal Outstanding at End of Period Payment Interest Repayment 862.74 50 812.74 4,187.26 4,187.26 862.74 a) Complete the amortization schedule.

4. Peter has a debt of DKK 5,000, which he must pay off by DKK 862.74 each month. He pays 1% interest rate each month. Principal Outstanding at Beginning of Period 5,000.00 Principal Outstanding at End of Period Payment Interest Repayment 862.74 50 812.74 4,187.26 4,187.26 862.74 a) Complete the amortization schedule.

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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Q2.7: Morgan purchased a house for $400,000. He made a downpayment of 15% of the value of the house and received a mortgage for the rest of the amount at 5.25% compounded semi-annually for 20 years. The interest rate was fixed for a 5-year term. a. Calculate the size of the monthly payments. b. Calculate the principal balance at the end of the 5-year term. c. Calculate the size of the monthly payments if after the first 5-year term the mortgage was renewed for another 5-year term at 5.00% compounded semi-annually? Kindly keep all the decimals for all the preocedures, DO NOT ROUND
Missed Payments: The Fiskes sign a mortgage for $320,000, paying $20,000 down and amortizing the remainder in equal monthly payments over 25 years with a 3-year term at 7% c.s.a. Payments 16, 17 and 18 are missed and regular payments are then resumed. Find the balance owing at the end of the term.
Ian wishes to discharge a loan of ₱ 50,000 borrowed from JB by means of periodic payments of ₱5,000. JB charges 4% interest effective per period. (payments are made at the end of each period)1. How many regular payments of ₱5,000 should Ian make?2. How much extra payment X should he make along with the last regular payment to completely discharge this loan?3. How much payment Y should he make one period after the last regular payment to completely discharge this loan?4. How much payment Z should he make on the exact time after the last regular payment has been made to completely discharge this loan?
A man borrows S195,500 from a bank with interest at 7% compounded annually. He agrees to pay his obligations by paying 8 equal annual payments, the first being due at the end of 10 yearh. Find the annual payments. S60,203 b. S60,354 4. $60,487 d. S60,589 e. $60,758
Mr. A. borrowed $ 10,000 at interest on the loan at 6% per annum, payable over 4 years. The debt is amortized for 4 payments of the same amount at the end of each year. 1). Compute the annual payment of the same amount at the end of each year that Mr. A. 2). Make a debt repayment schedule.
A person borrowed an amount of one million dinars from a bank with compound interest, the annual rate of which is 10%, and it was agreed between the debtor and the creditor to pay the loan and the interest together in 3 equal installments, so that the installment would be paid at the end of each year. What is required is: a. Find the amount of the equal installment. B . Illustrate the appropriate depreciation schedule.
Mark has an amortization and he is required to do semi-annual payments for 15 years. If the present value is 10,000,000 pesos and the interest rate is 17% interest rate compounded semi-annually, how much is the outstanding balance after the 8th payment? 9,128,071.23 pesos remaining 7,878,981.87 pesos remaining 9,234,561.98 pesos remaining 7,453,441.05 pesos remaining
4. Cassie paid P68 000 to a money lending company after one and a half years to fulfill her loan that costs P60 000. What is the interest rate compounded quarterly that is charged to the loan?
Can you show complete solutions for the first three questions?
1. Mr. Reyes borrows P600, 000 at 12% compounded annually, agreeing to repay the loan in 15 equal annual payments. How much of the original principal is still unpaid after he has made the 8th payment? ANS. 162,378.06
12. Justin owes $821 in 5 months and $220 in 9 months. The lender agrees to allow Justin to pay off these two debts with a single payment. What single payment a) due now and b) due in six months will pay of both debts completely. Assume simple interest is 6%. ask ：Assuming focal date is now: and : Assuming focal date is in 6 months:
Mr. Sy borrowed money from a bank with an interest of 6% compounded monthly for 10 years. His monthly amortization is P20, 000. 6. What is the total interest rate per conversion period? C. 0.0075 A. 0.005 B. 0.006 D. 0.06 7. What is the total number of period of time to fully paid the loan? А. 100 B. 120 C. 160 D. P 240 8. After 80th payment, what is the total number of payments remain? В. 30 C. 40 9. What is the total number of payment of Mr. Sy after he paid the 10-year mortgage? C. P2, 148,919.34 D. P2, 400, 000 A. 20 D. 120 A. P1, 899, 600.14 B. P2, 026,802.24 10. How much is his outstanding balance after the 80th payment? C. P704, 564. 56 D. P723, 444. 56 A. P690, 444. 56 В. Р683, 134. 56

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