A company borrowed $18,000 paying interest at 6% compounded semi-annually. If the loan is repaid by payments of 52000 made at the payments, the total paid, and the total interest paid. Complete the table below for the last three payments. (Do not round until the final answer. Then round to the nearest cent as needed.) Payment Number Outstanding Principal Amount Paid Interest Paid Principal Repaid 6. $2000 $213 $1787 10 $2000 $0 11 Total Paid = S (Do not round until the final answer. Then round to the nearest cent as needed) Interest Paid $ YDo not round until the final answer. Then round to the nearest cent as needed.)
A company borrowed $18,000 paying interest at 6% compounded semi-annually. If the loan is repaid by payments of 52000 made at the payments, the total paid, and the total interest paid. Complete the table below for the last three payments. (Do not round until the final answer. Then round to the nearest cent as needed.) Payment Number Outstanding Principal Amount Paid Interest Paid Principal Repaid 6. $2000 $213 $1787 10 $2000 $0 11 Total Paid = S (Do not round until the final answer. Then round to the nearest cent as needed) Interest Paid $ YDo not round until the final answer. Then round to the nearest cent as needed.)
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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Transcribed Image Text:A company borrowed $18,000 paying interest at 6% compounded semi-annually. If the loan is repaid by payments of 52000 made at the end of
payments, the total paid, and the total interest paid.
Complete the table below for the last three payments.
(Do not round until the final answer. Then round to the nearest cent as needed.)
Payment
Number
Outstanding
Principal
Interest Paid Principal Repaid
$213
Amount Paid
9.
$2000
241787
10
$2000
11
$0
Total Paid = S
(Do not round until the final answer. Then round to the nearest cent as needed)
Interest Paid = $
(Do not round until the final answer. Then round to the nearest cent as needed.)
Transcribed Image Text:D made at the end of each 6 months, construct a partial amortization schedule showing the last three
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