PART A: Solve the problem by completing the amortization table. Problem: How is the yearly payment of a P660,000 loan which is to be repaid annually fc interest of 4.8% compounded annually? Show an amortization table. Solutions:
PART A: Solve the problem by completing the amortization table. Problem: How is the yearly payment of a P660,000 loan which is to be repaid annually fc interest of 4.8% compounded annually? Show an amortization table. Solutions:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Solution how to get Interest payment, principal repayment and outstanding principal?
(The answer is already given just want know how to solve it?)
Transcribed Image Text:PART A: Solve the problem by completing the amortization table.
Problem: How is the yearly payment of a P660,000 loan which iş to be repaid annually for 10 years with an
interest of 4.8% compounded annually? Show an amortization table.
Solutions:
Transcribed Image Text:Period
Periodic Payment
Principal Repayment
Interest Payment
Outstanding Principal
1
P84,644.84
P52,964.84
P31,680.00
P607,035.16
2
P84,644.84
P55,507.15
P29,137.69
P551,528.01
3
P84,644.84
P58,171.50
P26,473.34
P493,356.51
4
P84,644.84
P60,963.73
P23,681.11
P432,392.78
P84,644.84
P63,889.99
P20,754.85
P368,502.80
6
P84,644.84
P66,956.71
P17,688.13
P301,546.09
7
P84,644.84
P70,170.63
P14,474.21
P231,375.47
P84,644.84
P73,538.82
P11,106.02
P157,836.65
P84,644.84
P77,068.68
P7,576.16
P80,767.97
10
P84,644.84
P80,767.98
P3,876.86
-P0.01
P846,448.40
P660,000.01
P186,448.39
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