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
Related questions
Question
Complete the amoritzation table.
only typed solution
![Year
1
2
3
4
Totals
Beg.
Total
Balance Payment
5,000.00 1509.60
3890.40
2692.03
1397.79
1509.60 311.23 1198.37
1509.60
Interest Principal
Paid
Paid
400.00
1109.60
1509.60
111.82
215.36 1294.24 1397.79
6038.40 1038.41
1397.78
End.
Balance
3890.40
4999.99
2692.03
0.01](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F60cf14ed-860a-4aef-ab50-3771e44b10b6%2Fe259afe4-9344-420f-a056-6d72384d02c1%2Fyssvhvn_processed.png&w=3840&q=75)
Transcribed Image Text:Year
1
2
3
4
Totals
Beg.
Total
Balance Payment
5,000.00 1509.60
3890.40
2692.03
1397.79
1509.60 311.23 1198.37
1509.60
Interest Principal
Paid
Paid
400.00
1109.60
1509.60
111.82
215.36 1294.24 1397.79
6038.40 1038.41
1397.78
End.
Balance
3890.40
4999.99
2692.03
0.01
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