THE AMORTIZATION SCHEDULE Amount repaid Interest at 10% due at Periodic payment Outstanding principal at to the at the principal PERIOD the end the end of end of at the of every 6 end of every 6 months (A) every 6 months months every 6 months (E) (B) (C) (D) 1 2 3 4 5 TOTAL 1. Complete the amortization table
THE AMORTIZATION SCHEDULE Amount repaid Interest at 10% due at Periodic payment Outstanding principal at to the at the principal PERIOD the end the end of end of at the of every 6 end of every 6 months (A) every 6 months months every 6 months (E) (B) (C) (D) 1 2 3 4 5 TOTAL 1. Complete the amortization table
Chapter6: Investing And Financing Activities
Section: Chapter Questions
Problem 1.4C
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Question
REGULAR PAYMENT OF SIMPLE ORDINARY ANNUITY
Eva obtained a loan fee of Php50,000 for the tuition of her son. She has to repay the loan by equal payment at the end of every six months for 3 years at 10% interest compounded semi-annually. Find the periodic payment.
![THE AMORTIZATION SCHEDULE
Amount
Interest
at 10%
Periodic
repaid
to the
Outstanding
principal at
the end of
payment
due at
at the
end of
principal
PERIOD
the end
at the
of
every 6
every 6
months
end of
(A)
|every 6
months
months
every 6
months
(E)
(B)
(C)
(D)
1
4
6
ТОTAL
1. Complete the amortization table](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1bcc4eeb-7e02-4ece-a136-37e1199399c7%2Fd10416c2-46e9-4bce-8909-29cb17a7883b%2Foef98t_processed.jpeg&w=3840&q=75)
Transcribed Image Text:THE AMORTIZATION SCHEDULE
Amount
Interest
at 10%
Periodic
repaid
to the
Outstanding
principal at
the end of
payment
due at
at the
end of
principal
PERIOD
the end
at the
of
every 6
every 6
months
end of
(A)
|every 6
months
months
every 6
months
(E)
(B)
(C)
(D)
1
4
6
ТОTAL
1. Complete the amortization table
![1. Complete the amortization table
2.The amortization schedule can be prepared
as follows
PROCEDURE
A. Calculate the periodic payment.
Complete Column B with this periodic
payment
B. To fill up Column C, Calculate interest
using the formula: T= PRT
C. To fill up Column D, subtract Column C
from Column B
D. To fill up Column E, from Column E
subtract Column D.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1bcc4eeb-7e02-4ece-a136-37e1199399c7%2Fd10416c2-46e9-4bce-8909-29cb17a7883b%2Fjznu29_processed.jpeg&w=3840&q=75)
Transcribed Image Text:1. Complete the amortization table
2.The amortization schedule can be prepared
as follows
PROCEDURE
A. Calculate the periodic payment.
Complete Column B with this periodic
payment
B. To fill up Column C, Calculate interest
using the formula: T= PRT
C. To fill up Column D, subtract Column C
from Column B
D. To fill up Column E, from Column E
subtract Column D.
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