Loan Receivable and Receivable Financing Activity 1: Problems Problem 1: PDR Bank granted a loan to a borrower on January 1, 2020. The interest on the loan is 10% payable annually starting December 31, 2020. The loan matures in three years on December 31, 2022. Principal amount Origination fee charged against the borrower Direct origination costincurred 2,000,000 171,050 75,000 Indirect originationcosts 15,000 Ater considering the origination fee charged againstthe borrower and the direct origination costincurred, the effective rate on theloan is 12.5%. Q1. The carring amount ofthe loan on January 1, 2020: is Q2 Thejournal entries on January 1,2020: Problem 2 LSB granted a loan to the borrower on January 1, 2020. The interest on the loan is 8% payable annually starting December 31, 2020. Theloan matures in three years on December 31, 2022. Principal amount Origination fee charged againstthe borrower Direct origination costincurred 1,500,000 50,000 130,150 Ater considering the origination fee charged againstthe borrower and the direct origination costincurred, the effective rate on theloanis 6%. Q1: the carrying amount ofloan on January 1,2020 is: Q2 the journal entry on January 1, 2020 would be:

Loan Receivable and Receivable Financing Activity 1: Problems Problem 1: PDR Bank granted a loan to a borrower on January 1, 2020. The interest on the loan is 10% payable annually starting December 31, 2020. The loan matures in three years on December 31, 2022. Principal amount Origination fee charged against the borrower Direct origination costincurred 2,000,000 171,050 75,000 Indirect originationcosts 15,000 Ater considering the origination fee charged againstthe borrower and the direct origination costincurred, the effective rate on theloan is 12.5%. Q1. The carring amount ofthe loan on January 1, 2020: is Q2 Thejournal entries on January 1,2020: Problem 2 LSB granted a loan to the borrower on January 1, 2020. The interest on the loan is 8% payable annually starting December 31, 2020. Theloan matures in three years on December 31, 2022. Principal amount Origination fee charged againstthe borrower Direct origination costincurred 1,500,000 50,000 130,150 Ater considering the origination fee charged againstthe borrower and the direct origination costincurred, the effective rate on theloanis 6%. Q1: the carrying amount ofloan on January 1,2020 is: Q2 the journal entry on January 1, 2020 would be:

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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4 Loan Amortization Table Prepare a Loan Amortization Table with a 30-year loan term, 3.5% interest rate, loan fee of 1.75%, $12,000,000 loan amount. Calculate the monthly loan payment, loan proceeds and the loan balance at the end of year 10.
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
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