Monica bought a $1,850 4K Ultra HD TV 20% down and payments of $296 per month (except for a smaller final payment) includinginterest at 16% compounded monthly. Construct the full amortization schedule for the debt. Calculate the total interest paid. (Do notround Intermedlate calculations. Round your answers to 2 declmal places. Leave no cells blank - be certaln to enter "O" whereverrequlred.)PaymentnumberInterestPrincipalportion $Principalbalance $Рауment $:冒三美portion $296.00296.001,480.001203.73923.78640.1019.732.16.0512328.53296.00296.00296.006215eBook4.352.634.7061.340.82PrintTotal interest246215McGrawHill< Prev2 of 9 Next >XINWTcornect

Given, Monica bought a $1850 4K Ultra HD TV .Down payment = 20100 x 1850 =$370Mortgare Amount =…

Monica bought a $1,850 4K Ultra HD TV 20% down and payments of $296 per month (except for a smaller final payment) including interest at 16% compounded monthly. Construct the full amortization schedule for the debt. Calculate the total interest paid. (Do not round Intermedlate calculatlons. Round your answers to 2 decimal places. Leave no cells blank - be certaln to enter "O" wherev requlred.) Payment number Interest Principal portion $ Principal balance $ Payment $ portion $ 1,480.00 1203.73 296.00 296.00 296.00 19.73 16.05 2 923.78 640.10 35263 61.34 3. 12.32 8.53 470 0.82 4. 296.00 296.00 6215 6. Total interest 6215 %24

Monica bought a $1,850 4K Ultra HD TV 20% down and payments of $296 per month (except for a smaller final payment) including interest at 16% compounded monthly. Construct the full amortization schedule for the debt. Calculate the total interest paid. (Do not round Intermedlate calculatlons. Round your answers to 2 decimal places. Leave no cells blank - be certaln to enter "O" wherev requlred.) Payment number Interest Principal portion $ Principal balance $ Payment $ portion $ 1,480.00 1203.73 296.00 296.00 296.00 19.73 16.05 2 923.78 640.10 35263 61.34 3. 12.32 8.53 470 0.82 4. 296.00 296.00 6215 6. Total interest 6215 %24

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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Monica bought a $2,200 4K Ultra HD TV for 20% down, with the balance to be paid with interest at 16% compounded monthly in six equal monthly payments. Construct the full amortization schedule for the debt. Calculate the total interest paid. (Do not round Intermedlate calculations. Round your answers to 2 decimal places. Leave no cells blank - be certaln to enter "O" wherever required.) Рayment number Interest Principal portion Principal balance $1,760.90 1324.67 1044.58 761.69 475.97 187.39 104.07 Раyment portion -- 293.33 293.33 17.60 275.33 280.09 13.24 10.44 12 293.33 282.89 285.72 288.58 291.46 4 293.33 293.33 293.33 7.61 4.75 1.87 Total interest 55.51 Mc Graw Hill Next > EX W connect
Monica bought a $1,850 4K Ultra HD TV for 20% down, with the balance to be paid with interest at 16% compounded monthly in six equal monthly payments. Construct the full amortization schedule for the debt Calculate the total interest paid. (Do not round intermediate calculations. Round your answers to 2 decimal places. Leave no cells blank be certain to enter "0" wherever required.) Payment number Interest Principal portion Principal balance Payment portion $1,480.00 1. 2. 3 4 5. 6. Total interest 24
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Wade Ellis buys a new car for $16,882.14. He puts 10% down and obtains a simple interest amortized loan for the rest at the nearest cent.) (a) Find his monthly payment. X (b) Find the total interest. (c) Prepare an amortization schedule for the first two months of the loan. Payment Number Principal Portion Total Payment 0 1 2 LA पण Interest Portion पण A X X पण $ LA Balance 111% interest for four years. (Round your answers to
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Kk. 154.
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