A $23,430 loan is to be settled by making payments of $6,743 at the end of every six months. The interest is 6.25% compounded semi-annually. a) Find the number of payments in the term. N = b) Fill in the missing values of the amortization schedule below. Round off your answers to two decimal places. Enter a positive value for all answers. Payment Number 0 1 2 3 4 Payment Amount($) PMT +A LA +A LA $ Interest Portion ($) INT SA LA Principal Portion Loan Balance ($) ($) PRN BAL LA +A +A LA LA LA LA $ LA $ $23,430

A $23,430 loan is to be settled by making payments of $6,743 at the end of every six months. The interest is 6.25% compounded semi-annually. a) Find the number of payments in the term. N = b) Fill in the missing values of the amortization schedule below. Round off your answers to two decimal places. Enter a positive value for all answers. Payment Number 0 1 2 3 4 Payment Amount($) PMT +A LA +A LA $ Interest Portion ($) INT SA LA Principal Portion Loan Balance ($) ($) PRN BAL LA +A +A LA LA LA LA $ LA $ $23,430

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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