JL Bank offers a business loan with an initial amount of 6,000,000 pesos at a rate of 3% compounded monthly for 7 years. Find the periodic payment and construct an amortization schedule.   Initial amount (A) – 6,000,000 Monthly Payment (R) – 79,279.80073 Rate of Interest (r) – 3% or 0.03 Compounding Period (n) – 12 Year/s (y) – 7 Number of Payments (N) – 84

Q: Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.)…

A: Given, PV = $60000 N = 3 years I/Y  =  8% FV = 0 We need to compute PMT

Q: Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.)…

A: First, we need to compute the annual payment required to pay off this loan in 3 years and then using…

Q: a. Complete an amortization schedule for a $12,000 loan to be repaid in equal installments at the…

A: workings:

Q: Given the annual interest rate and a line of an amortization schedule for that loan, complete the…

A: An amortization schedule is a table that shows the breakdown of each loan payment, detailing how…

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A: Amortization means writing off of loan at regular and equal payment through out the loan period.…

Q: omplete an amortization schedule for a $16,000 loan to be repaid in equal installments at the end of…

A: Amortization Schedules shows series of payment made to discharge loan with calculation of interest…

Q: rescott Bank offers you a five-year loan for $69,000 at an annual interest rate of 8.5 percent. What…

A: The value of money changes with time. Therefore, the time value of money considers the worth of…

Q: Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.)…

A: Formula: Payment = ( I x Principal amount ) / ( 1 - ( 1 + I )-N ) N = Number of years I = Interest…

Q: A 3,000,000 peso loan is to be amortized at 4.55% quarterly for 2 years. Solve for the value inside…

A: Quarterly payment for loan will be, Where, P = Loan amount =3000000 r = Quarterly  interest rate =…

Q: Construct an amortization schedule for a Php10,000, 6% annual rate loan with 6 equal payments.…

A: In an amortization schedule we show the breakup of each period’s payment (which is fixed) into…

Q: 8. A loan of $10,000 is repaid using the amortization method with payments at the end of each year…

A: Loan (PV)  = $ 10000 Interest rate (r) = 5% Number of annual payments (n) = 12

Q: A $100,000 mortgage loan at 6.3% compounded semi-annually has a 25-year amortization period.…

A: A mortgage is a covered loan borrowed to purchase a property. The property itself acts as collateral…

Q: Given the annual interest rate and a line of an amortization schedule for that​ loan, complete the…

A: Annual interest rate = 5.4% Monthly interest rate = 5.4%/12 = 0.45% Closing balance = $ 4,464.20…

Q: The following shows an amortization schedule for a loan which calls for level semi-annual payments…

A: Outstanding Balance at the end of 1st installment = 9088.510 Installment year period = 3151.490…

Q: .Consider a $10,000 loan to be repaid in equal installments at the end of each of the next 5 years.…

A: Hello. Since you have posted multiple questions and not specified which question needs to be solved,…

Q: Prepare an amortization schedule for a four-year loan of $165,280. The interest rate is 4% per year,…

A: EMI or monthly or annual mortgage payments are the fixed amount paid by the borrower to the lender…

Q: Calculate t. (a) 176 (b) 187 (c) 195 (d) 204 (e) 212

A: Amortization is the process of gradually repaying the loan. In an amortizing loan, a portion of each…

Q: Develop an amortization schedule for the loan described. (All answers should be entered in dollars.…

A: Given: Loan (PV) $90,000 Interest rate 10% Years 2.5

Q: A 3,000,000 peso loan is to be amortized at 4.55% quarterly for 2 years. Solve for the value inside…

A: Here, Loan Amount is 3,000,000 pesos Interest Rate is 4.55% Time Period is 2 years Compounding…

Q: A company borrows $171,000 from a bank. The interest rate on the loan is 6 percent compounded…

A: Loan amount = $171,000Interest =6%Number of years = 5 years

Q: a 5-year $10,000 loan requiring monthly payments at a fixed rate of 9% is amortized into five-year…

A:

Q: a. Complete an amortization schedule for a $33,000 loan to be repaid in equal installments at the…

A: Loan refers to the amount borrowed by a business from another business or a financial institution…

Q: A 3,000,000 peso loan is to be amortized at 4.55% quarterly for 2 years. Solve for the value inside…

A: Amortization table:  An amortization table is a timetable that breaks down every monthly loan…

Q: Prepare an amortization schedule for a three-year loan of $84,000. The interest rate is 9 percent…

A: Loans have to be paid in the form of fixed periodic payments. The periodicity can be monthly,…

Q: a. Complete an amortization schedule for a $26,000 loan to be repaid in equal installments at the…

A: Loan amortization refers to the systematic and regular repayment of the loan amount and its interest…

Q: a. Complete an amortization schedule for a $19,000 loan to be repaid in equal installments at the…

A: The amortization schedule represents how the principal balance on the loan will be repaid over the…

Q: A company borrows $126,500 from a bank. The interest rate on the loan is 10 percent compounded…

A: Loans are paid by periodic payments and these are fixed payment that carry the payment of interest…

Q: Fill in an amortaization table for a loan of $9,300 to be paid back over 4 years, semiannually. At…

A: The amortization table is a table that shows the payment, interest and principal repayment of each…

Q: Compute the size of the final payment for the following loan.   Principal​ $ Periodic Payment​ $…

A: A loan is  basically a type of debt that an individual or the other entity incurs. The lender, who…

Q: Calculate the amount obtained for the following loans a) RM 2,500 with interest 7.5% compounded…

A: FUTURE VALUE IS THE VALUE OF PRESENT AMOUNT COMPOUNDED TO FUTURE DATE formula: Fv =PV×1+RMM×N where,…

Q: n in an amortization table (in dollers) for a loan of $8,500 to be paid back over 2 years, at an…

A: Outstanding balance is the amount of loan remaining after payment of principal amount.

Q: Prepare an amortization schedule for a three-year loan of $96,000. The interest rate is 9 percent…

A: Amortization table is prepared to repay the debt. The debts can be paid in installments or in…

Q: Prepare an amortization schedule for a five-year loan of $70,000. The interest rate is 9 percent per…

A: Loan amount = $70,000Interest rate = 9%Number of years = 5 years

Q: Find the amortization table for a $8,000 loan amortized over 3 years with semiannual payments if the…

A: Formulas:

Q: Loan payment Determine the equal, annual, end-of-year payment required each year over the life of…

A: The annuity payments that needs to be paid by the borrower over the loan term for each year at given…

Q: the amount borrowed, the annual interest rate, the number of payments per year, the loan term, and…

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Q: You have taken a loan of $78,000.00 for 20 years at 4.9% compounded quarterly. Fill in the table…

A: An amortization table, also known as an amortization schedule, is a financial summary that displays…

Q: Prepare an amortization schedule for a five-year loan of $47,000. The interest rate is 7% per year,…

A: The loan amortization refers to the repayment of a loan using periodic payments. In this, the…

Q: A bank has agreed to lend you $127,800 for a home loan. The loan will be fully amortized over 57…

A: Amortization is a term used in business to describe the process of spreading payments out over time.…

Q: Find the amortization table for a $8,000 loan amortized in five annual payments if the interest rate…

A: STEP 1                       Amortization is an accounting method used over a certain period of…

Q: Complete an amortization schedule for a $38,000 loan to be repaid in equal installments at the end…

A: An method of progressively repaying a loan or debt through regular, planned installments is known as…

Q: Prepare an amortization schedule for a three-year loan of $117,000. The interest rate is 8 percent…

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Amortized Loans

The term "amortization" refers to spreading the value of a loan or a debt over a series of regular payments or installments comprising of both the principal and interest amount. It generally involves the process where in the value of a loan or an intangible asset is written down over its maturity period.