PERALDRate2.0002.1252.2502.3752.5002.6252.7502.8753.0003.1253.2503.3753.5003.6253.7503.8754.0004.1254.2504.3754.5004.6254.750InterestOnly0.166670.177080.187500.197920.208330.218750.229170.239580.250000.260420.270830.281250.291670.302080.312500.322920.333330.343750.354170.364580.375000.385420.3958310 Year9.201359.257439.313749.370269.426999.483949.541109.598489.656079.713889.771909.830149.888599.9472510.0061210.0652110.1245110.1840310.2437510.3036910.3638410.4242010.4847715 Year20 Year25 Year6.435095.058834.238546.492815.118254.299666.550855.178084.361316.609215.238344.423486.667895.299034.486176.726895.360144.549386.786225.421664.613116.845865.483614.677356.905825.545984.742116.966095.608764.807387.026695.671964.873167.087605.735574.939457.148835.799605.006247.21037 5.86404 5.073527.272225.928885.141317.334405.994145.209597.396886.059805.278377.459686.125875.347637.522786.192345.417387.586206.259225.487617.649936.326495.558327.713976.394175.629517.778326.462245.7011730 Year3.696193.759023.822463.886533.951214.016514.082414.148924.216044.283754.352064.420964.490454.560514.631164.702374.774154.846504.919404.992855.066855.141405.2164740 Year3.028263.094443.161423.229213.297783.367143.437283.508183.579843.652263.725413.799303.873913.949234.025264.101984.179384.257464.336204.415594.495634.576294.65758 Bob Jones bought a new log cabin for $70,000 at 4% interest for 15 years. Prepare an amortization schedule for the first three periods.(Use Table 15.1.)Note: Round your intermediate calculations and final answer to the nearest cent.PaymentNumber123Portion to-InterestPrincipalBalance of loanoutstanding

An amortization schedule refers to the breakdown of the periodic payments into interest and…

Bob Jones bought a new log cabin for $70,000 at 4% interest for 15 years. Prepare an amortization schedule for the first three periods. (Use Table 15.1.) Note: Round your intermediate calculations and final answer to the nearest cent. Payment Number 1 2 3 Portion to- Interest Principal Balance of loan outstanding

Bob Jones bought a new log cabin for $70,000 at 4% interest for 15 years. Prepare an amortization schedule for the first three periods. (Use Table 15.1.) Note: Round your intermediate calculations and final answer to the nearest cent. Payment Number 1 2 3 Portion to- Interest Principal Balance of loan outstanding

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

ChapterM: Time Value Of Money Module

Section: Chapter Questions

Problem 11RE: Samuel Ames owes 20,000 to a friend. He wants to know how much he would have to pay if he paid the...

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