Complete the following amortization chart by using Table 15.1.Note: Round your "Payment per $1,000" answer to 5 decimal places and otheranswers to the nearest cent.Selling price ofhome$Down payment75,000 $Principal(loan)4,000 $71,000.00Rate ofinterest5.5 %Years30Payment per$1,000MonthlyMartegePaymentr

Annuity is the series of equal cash payments over the period.

Answered: Complete the following amortization…

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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Pls help me in my math of finance pls use financial calculator
Plz complete and correct. Solution.
5 1/2 interest rate for 30 years is 5.67789
complete this activity on a sheet of paper and attach to this activity. elow, you may use either method when calculating the 1. Study the information below and answer the questions that following questions. Capital amount: 30 000 Interest rate: 10% p.a Installments: R1 350 Repayment period: 24 months Calculate interest payable for the full 2 year period using the simple methoc a. b. Calculate the total interest payable for the first six month using the compound method. 2. Study the information below and answer the questions that following questions Capital amount: R25 000 13% p.a Interest rate: R750 Installments: Repayment period: 36 months Calculate interest payable for the full 36 month period using the simple method Calculate the total interest payable for the first three months using the compound methor a. b. 3. Calculate the interest for the following loan using both simple and compound interest. R400 000 anital amoụnt:
Subject - account Please help me. Thankyou.
Given the following information from an amortization table, compute the interest expense and the carrying value for the next line of the table, rounding your answer to the nearest dollar: 3% Cash 2% Effective Interest $1,260 Interest Premium Amortization Carrying Value $864 $396 $42,815 O O O O A. Interest Expense $856; Carrying Value $43,671 B. Interest Expense $864; Carrying Value $42,411 ○ C. Interest Expense $864; Carrying Value $43,671 OD. Interest Expense $856; Carrying Value $42,411
Amortizing Loan Consider a 4-year amortizing loan. You borrow $351,000 initially, and repay it in four equal annual year-end payments. a. If the interest rate is 4.55%, calculate the annual payment. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Annual payment b. Prepare an amortization schedule. (Leave no cells blank - be certain to enter "0" wherever required. Do not round intermediate calculations. Round your answers to 2 decimal places.) Time 0 Loan Balance Year-End Interest Due on Balance Year-End Payment Amortization of Loan $ $ $ $ 1234
Find the amortization payment
Answer in typing
Amortization Table - Breaking Down Your Payment - No video This worksheet requires you to use the IPMT and PPMT funtions to calculate the loan balance, and the principle/interest portion of a loan payment at any given point in time. Be sure to use cell references. Initial Balance $10,000.00 Annual Interest Rate 10% Years 10 Annual Payemnt $1,627.45 Summary loan data for year 4 Balance at start of year Balance at end of year Interest paid during the year Principle paid during the year
Use TVM keys, N, I/Y, PV, PMT, FV Crystal Nelson deposited $60 at the beginning of each month for 2 years into an annuity due. If the interest rate was 9%, compounded monthly, what is the future value? (Use BGN mode.)
NOTE: DO NOT solve it on excel. Show your solution. Thanks

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