(b) A home loan of $300,000 is to be repaid by equal monthly instalments (at the end of each month) of $1753.77 for 25 years (300 months) with an interest rate of 5% p.a. compounded monthly. The following table shows three rows from the amortisation schedule. Compute the missing entries in the last row of the table (Month 150). Give your answers rounded to two decimal places. Month Monthly Payment Principal Repayment Outstanding Balance Interest Payment 300000 149 1753.77 196254.03 150 1753.77

(b) A home loan of $300,000 is to be repaid by equal monthly instalments (at the end of each month) of $1753.77 for 25 years (300 months) with an interest rate of 5% p.a. compounded monthly. The following table shows three rows from the amortisation schedule. Compute the missing entries in the last row of the table (Month 150). Give your answers rounded to two decimal places. Month Monthly Payment Principal Repayment Outstanding Balance Interest Payment 300000 149 1753.77 196254.03 150 1753.77

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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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
subject : finance
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