Here are the questions: You are viewing Ezra Aguilar's screenView Options vO O RecordingTRY NOWEzraNote: Proceed to the next slide only if you haveanswered the items belowExercise Set 2:PHI1. A debt of P350,000 is to be amortized by 6 equal semiannualpayments with interest at 6% compounded semiannually.Find the periodic payment and construct an amortization table.2. A couple purchased a house and lot and signed a mortgage contractwith a bank for P8,000,000 to be paid in equal monthly paymentsover 25 years with interest at 5.25%. Find the monthlypayment and construct an amortization table. (Show the first 6 payments only)NICCBEAT0:100sRYLE M35 AUnmuteStart VideoParticipantsChatShare ScreenRecordReactionsRIYU

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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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Find the annual homeowners insurance premium on a masonry home located in zone 1 if the home is insured for $237,000. The owner chooses a $1,500 deductible and has good credit. E Click the icon to see a hypothetical table of Estimated Annual Homeowners Insurance Premium Rates per $100 of Face Value. The annual homeowners insurance premium is $ (Simplify your answer. Type an integer or a decimal.)
Suppose you take out a $185,500 mortgage for 30 years at 5.15% interest. (a) Find the monthly payment on this mortgage. S (b) Fill out the first two rows of the amortization schedule below. Round your answers to the nearest dollar. Payment Number Interest Payment Principal Payment Balance of Loan 1 2 Question Help: D Video M Message instructor D Post to forum
Complete the following amortization chart by using Table 15.1. (Round your answers to the nearest cent.) Selling price of home Down payment Principal (loan) Rate of interest Years Payment per $1,000 Monthly mortgage payment $181,000 $50,000 $1,156.59 7.0% 35 I need help working this problem out. Please explain in detail.
Solve step by step please in digital format Mrs. Martha bought a screen that has a cash price of $ 18,000. She made the purchase on credit, paying 6 monthly installments with an interest rate of 36% per year. Using the constant amortization method ... a. Complete the amortization table b. Calculate the total amount paid for the credit
Complete the following amortization chart by using Table 15.1. Note: Round your "Payment per $1,000" answer to 5 decimal places and other answers to the nearest cent. Selling price of home: $198,000 Down payment: $60,000 Principal (loan): 138,000 Rate of interest: 6.5% Years: 25 Payment per $1,000: ??? Monthly mortgage payment:???? TABLE 15.1 Amortization table (mortgage principal and interest per $1,000) Rate Interest Only 10 Year 15 Year 20 Year 25 Year 30 Year 40 Year 2.000 0.16667 9.20135 6.43509 5.05883 4.23854 3.69619 3.02826 2.125 0.17708 9.25743 6.49281 5.11825 4.29966 3.75902 3.09444 2.250 0.18750 9.31374 6.55085 5.17808 4.36131 3.82246 3.16142 2.375 0.19792 9.37026 6.60921 5.23834 4.42348 3.88653 3.22921 2.500 0.20833 9.42699 6.66789 5.29903 4.48617 3.95121 3.29778 2.625 0.21875 9.48394 6.72689 5.36014 4.54938 4.01651 3.36714 2.750 0.22917 9.54110 6.78622 5.42166 4.61311 4.08241 3.43728 2.875 0.23958 9.59848 6.84586 5.48361 4.67735 4.14892 3.50818 3.000…
Samuel Ames owes 20,000 to a friend. He wants to know how much he would have to pay if he paid the debt in 3 annual installments at the end of each year, which would include interest at 14%. Draw a time line for the problem. Indicate what table to use. Look up the table value and place it in a brief formula. Solve.
Suppose you want to have $600,000 for retirement in 25 years. Your account earns 4% interest. How muc would you need to deposit in the account each month? Submit Question /course/showcalendar.php?cid=179278 Search
complete the following amortization chart by using table 15.1. (round your answers to the nearest cent.): Selling price of home: 78,000 Down payment: 4,000 Principal (loan): ?? Rate of interest: 5.5% Years: 30 Payment per 1,000: ?? Monthly mortgage payment: ??
You may use your financial calculator or excel for calculations but be sure to show your work (i.e. rate, periods, payments, etc.). For the amortization schedule be sure to print the schedule so all columns fit on one page and only include the first and last pages of the schedule when you pass it in. Jack Casey is interested in buying a waterfront vacation home and has saved $300,000 for the down payment. His plans call for making additional monthly deposits into an investment account over the next 12 months. Casey wants to make the purchase 18 months from today and wants to have $400,000 saved up for the down payment. What is the amount of each of the additional payments he must make for his plan to work out? Assume Allen can earn 2% annual return in his investment account. If Casey takes out a 30-year, $1,200,000 mortgage at 5%, what will his mortgage payments be? Prepare an amortization schedule to prove that your answer is right and his mortgage will be paid off in 30 years.
Using Time line Method and Equation, calculate FV or PV for the following questions and put all in the format uploaded in the Moodle: 1) Mr. Ali deposited 1000 OMR today into a security that pays him ..%5 interest compounded. He wanted to know how much money he will have at the end of 2 years Calculate the amount.
Please answer only question B, because I sent already question A in a separate question on the site. Thanks! Mrs. R. would like to buy a mobile home. To this end, she takes out a loan of 80,000 euros on 01.01.2021. amount of 80,000 euros. The loan agreement stipulates an annual interest rate of 4.5%. a) Ms. R. agrees with the bank to repay the debt plus interest in nine equal amounts at the end of each year.at the end of each year. The first payment is to be made on 31.12.2022.1. how high is the annuity to be paid at the end of each year from 31.12.2022?2. indicate the repayment schedule line for the 7th year after the debt is taken on.3. instead of annuities, Mrs. R. is considering making quarterly payments of the same amount in advance in 2022, 2023, 2024, . . . , 2030 to be made. How high is the quarterly payment? B) Ms. R. agrees with the bank to repay the debt plus interest with annuities in the amount of 15,000 euros at the end of each year. The first payment is to be made on…
Answer all subpart. Vanna has just financed the purchase of a home for $200 000.She agreed to repay the loan by making equal monthly blended payments of $3000 each at 4%/a compounded monthly. a.Create an amortization table using a Microsott Excel spreadsheet.In your answer include all the formulas used. b.How long will it take to repay the loan? c.How much will be the final payment? d.Determine how much interest she will pay for her loan.