In a loan by $5 000 000,00, with a rate of interest of 28 % a five years term, payable to the end of each month:                 a.       Which the amount of the Payments monthly that shall be realized to the Finalize each month? b.       Which the amount of amortization and interests for the five first months?

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A: An amortization schedule is a complete table of periodic loan payments, showing the amount of…

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A: Laon amortization schedule means where repayment during the life of loan is written with interest.

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A: Amortization is the process of gradually paying off a debt or loan through regular, scheduled…

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A: Part 2:Explanation:i) Calculate the amount of the loan.The loan is to be repaid by an increasing…

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A: Amortization refers to the practice of distributing the cost of a loan or an intangible asset over a…

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A: We need to use PMT function to calculate yearly payment.The formula is:   =PMT(RATE,NPER,-PV)

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A: The concept of TVM states that the money earned earlier has more value than the same amount earned…

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A: The computation of compound amount is as follows:Hence, the compound amount of loan is $16910.355.

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A: Interest payment for the 3rd year = $1080 ($30000-$6000-$6000)*6% = $1080

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A: Formula for present value :…

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A: First monthly payment (M) = 200 Monthly growth rate (g) = 1% Monthly interest rate (r) = 12%/12 = 1%…

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Q: A 200,000 dollar loan is taken out. Interest is 6 percent nominal, converted monthly. The loan is to…

A: we will only answer the first three subparts . For the remaining subparts, please resubmit the…

Q: In an amortization table for a four-year loan of $45,280, given an interest rate of 11%, how much…

A: N = 4 years Loan = $45,280 Interest Rate = 11% Principal payment in second year = ?

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Q: Select the correct answer and explain A loan of $ 45,000 is obtained at 17.5% per annum, to be paid…

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