Number of Payments Payments Made 36 23 Payments Remaining Sum-of-the- Digits Payments Remaining Sum-of-the- Digits Number of Payments Rebate Fraction

Q: Briefly describe something about paying off loans

A: There are a few things to consider when paying off loans. First, you need to consider the interest…

Q: For the months of January and February, Crane Ltd. recorded cash deposits in its books of $5,100 and…

A: Given that there are no deposits in transit at the beginning of January. Cash deposit in January and…

Q: Explain in general terms how the portions of loan payments going to principal and interest change…

A: Installment loans gradually pay down the loan principal while the payments remain the same .…

Q: How do banks calculate the monthly payment on a loan?

A: Present value annuity formula is used to calculate the monthly payment on a loan. Here, The loan…

Q: expected to produce P70,000, which must be allocated to unse P105,000. The following are some of the…

A: The answer is stated below:

Q: ate one (1) problem situation concerning a loan amortization problem. Make a brief description of…

A: We need to create a loan amortization table for any practical situation.

Q: nterest is a method of calculating the interest to be paid on a loan by combining the principal…

A: Add on interest refers to the method which is used when the person acquire the loan or the mortgage…

Q: The payment for the use of borrowed money is called: loan maturity value interest principal

A: Borrowed money is the loan taken, which is to be repaid within the terms of the loan contract.

Q: Explain the valuation of present value of long-term notes receivable. NOTE: Present your own…

A: solution Explain the valuation of present value of long-term notes receivable. Long term receivable…

Q: HOW TO Find the finance charge of an installment loan.

A: Finance Charge: Generally speaking, financial charges are any fees or charges associated with…

Q: Time lines can be constructed for annuities where the payments occur at either the beginning or the…

A: Time lines can be constructed for annuities where the payments occur at either the beginning or the…

Q: Explain the initial measurement of long-term notes receivable.

A: solution : Explain the initial measurement of long-term notes receivable. Long term note receivables…

Q: Identify the types of information that can readily be deter-mined from an amortization table for an…

A: Meaning of amortization table Amortization table is a table which consists of all the details…

Q: Calculate the loan amount on a purchase having a cash price of $47,900 with a down payment of…

A: Down Payment: The down payment is the portion of the purchase price that you pay out-of-pocket (as…

Q: .The portion of the selling price paid by the customer at the time of purchase is called ________.…

A: Customers have to pay some amount to purchase on loan.

Q: Explain how to calculate time interest earned.

A:

Q: Credit scoring is a process used to   Multiple Choice   determine what interest rate to charge a…

A: Credit score : it is a number between 300 - 850 which depicts consumers creditworthiness.

Q: ABC Realty sold a piece of land for P250,000. A down payment of P50,000 was made and the remainder…

A: Present Value of Loan = Present Value Factor x Cash Flow during the period

Q: There is a formula that will find the APR, i, of a single payment loan but not for a series of…

A: The term “annual percentage rate (APR)” refers to the annual rate of interest charged to borrowers…

Q: The discount allowed to a debtor for early payment is

A: Debtors :- Debtors are the person to whom goods and services are sold on credit.

Q: Identify two important pieces of information that should be included in the borrower's credit…

A: Credit is a two-party transaction in which one (the creditor or lender) exchanges money,…

Q: Calculate interest expense. Calculate its sales.

A: EBITDA means earnings before interest, tax, depreciation and amortisation expenses. NOPAT means net…

Q: What is the process of calculating the remaining balance of different types of loans?

A: The remaining balance of a credit plan equation can be part of two sections, the future estimation…

Q: The actual amount that is given to the borrower is called the after the loan has been discounted.

A: Basically a discounted loan has three components Discount Proceeds Maturity Value

Q: How to calculate the notes payable

A: Notes payable are long-term liabilities that indicate the money a company owes its financiers—banks…

Q: Recently, you made multiple large purchases on your credit card totaling $10,350. The interest rate…

A: Formulas:

Q: vable retention must be included in the calculations for the collection period? True or false. If…

A: Account receivable retention is period for which the amount of time for which money is held by the…

Q: How can we determine the amount of a periodic payment?

A: The amount of periodic payment is determined using the following formula:

Q: The concept that supports the discounting of notes to their present value is:   time value of money…

A: The process of assessing the present value of a payment( Lump-sum) or a stream of…

Q: What is the formula to compute interest on a note receivable?

A: Note receivable: Note receivable refers to a written promise for the amounts to be received within a…

Q: Define installment Notes.

A: Installment note: Installment note is an obligation in which the defaulter needs to repay the…

Q: Will they get the home loan? You have a gross annual income of $175,000 and have been pre-approved…

A: Back-End ratio shows proportion of monthly income used to pay off debt. Back End Ratio=Monthly Debt…

Q: Explain Long-Term Notes Receivable with example.

A: Notes receivable: An asset representing the right to receive the principal amount contained in a…

Q: Explain how an installment loan differs from revolving credit in terms of risk and the nature of the…

A: Installment credit is a type of loan in which the borrower receives a defined, or limited, sum of…

Q: This payment type is essentially a short term loan up to a predetermined amount. O Debit Card O…

A: The payment type is essentially a short-term loan up to a predetermined amount.Debit CardCredit…

Q: How do I find the credit for partial payment?

A: Discount is a selling goods or service below the price of goods. This reduction in price is offered…

Q: How does compound interest affect the loans you undertake? For example, how would this  affect…

A: Interest is an additional value which is charged on borrowed or deposited amount. Interest can be an…

Q: A loan secured with a financial asset (eg. Accounts receivables) is a called a ___________ loan.…

A: Financial asset is a liquid asset which can be easily sold in the market. A financial asset can be…

Q: Calculate the simple interest note proceeds. calulate the simple discount note proceeds.

A: INTRODUCTION Simple interest note: Note receivable is the bill drawn on customer for the due amount…

Q: What is the impact of a change in the interest rate on the treatment of borrowing costs?

A: An interest rate is the fee that a lender assesses a borrower to use money borrowed, it is…

Q: E Loan Amount Is $430,000 Loan is a 7/30 Balloon Loan Annual Interest Is 3.75%, with monthly…

A: Given, Loan amount is $430,000 Interest rate is 3.75% Loan is 7/30 balloon loan, which means, after…