Please help me with my homework. Thanks! Create an amortization schedule using the format I put in the image below—a minimum of 12 periods. Note: I attached an example of the amortization schedule below. Please create one with the same format. Thanks!
Please help me with my homework. Thanks! Create an amortization schedule using the format I put in the image below—a minimum of 12 periods. Note: I attached an example of the amortization schedule below. Please create one with the same format. Thanks!
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
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Please help me with my homework. Thanks!
Create an amortization schedule using the format I put in the image below—a minimum of 12 periods.
Note: I attached an example of the amortization schedule below. Please create one with the same format. Thanks!
![Period
1
2
3
4
5
6
TOTALS
Amortization Schedule
Outstanding
principal (OP)
P 5000
4,283.19
3523.37
2717.96
1,864.23
959.27
Interest due at end
of period (OP xi)
P 300
256.99
211.40
163.08
111.85
57.55
P 1,100.87
Payment (A)
P 1,016.81
1,016.81
1,016.81
1,016.81
1,016.81
1,016.81
P 6,100.86
Principal repaid at
end of period (A-I)
P 716.81
759.82
805.41
853.73
904.96
959.27
P 5,000.00](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F12d10203-08e8-43b9-b4ba-8afa8d5186ba%2Fc1488e0d-185f-4fa7-ba40-e0d61a2d1700%2Fkm7uhl_processed.png&w=3840&q=75)
Transcribed Image Text:Period
1
2
3
4
5
6
TOTALS
Amortization Schedule
Outstanding
principal (OP)
P 5000
4,283.19
3523.37
2717.96
1,864.23
959.27
Interest due at end
of period (OP xi)
P 300
256.99
211.40
163.08
111.85
57.55
P 1,100.87
Payment (A)
P 1,016.81
1,016.81
1,016.81
1,016.81
1,016.81
1,016.81
P 6,100.86
Principal repaid at
end of period (A-I)
P 716.81
759.82
805.41
853.73
904.96
959.27
P 5,000.00
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