Outstanding Regular Payment Principal Component of Payment Period Interest Balance Component of Payment A 10,000 21,547.08 78,452.92 54,751.13 28,679.16 C 31,547.08 31,547.08 31,547.08 5,475.11 2,887.92 26,071.97 4. 28,679.16 Totals A. How much is the amount of the loan? B. How much is the payment on the first period?" C. For the second payment, how much goes to pay the interest? D. For the second payment, how much goes to pay the principal? E. How much is the outstanding balance after the 4 payment? 23
Outstanding Regular Payment Principal Component of Payment Period Interest Balance Component of Payment A 10,000 21,547.08 78,452.92 54,751.13 28,679.16 C 31,547.08 31,547.08 31,547.08 5,475.11 2,887.92 26,071.97 4. 28,679.16 Totals A. How much is the amount of the loan? B. How much is the payment on the first period?" C. For the second payment, how much goes to pay the interest? D. For the second payment, how much goes to pay the principal? E. How much is the outstanding balance after the 4 payment? 23
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Solve for the following problems completely with solution.
4. Study the amortization schedule and fill in the blanks. A loan amounting to ₱100,000 is to be paid annually for 4 years with an interest rate of 10% per annum. The annual amortization is ₱31,547.08 of payment.
Transcribed Image Text:Outstanding
Regular
Payment
Principal
Component of
Payment
Period
Interest
Component of
Payment
Balance
10,000
21,547.08
78,452.92
1
C
54,751.13
31,547.08
31,547.08
31,547.08
26,071.97
28,679.16
5,475.11
28,679.16
2,887.92
Totals
A. How much is the amount of the loan?
B. How much is the payment on the first period?
C. For the second payment, how much goes to pay the interest?
D. For the second payment, how much goes to pay the principal?
E. How much is the outstanding balance after the 4 payment?
O 2 3A
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