Prepare an amortization schedule for a five-year loan of $70,000. The interest rate is 9 percent per year, and the loan calls for equalannual payments.Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.Year12345$BeginningBalance70,000.00 $58,421.11 X45,800.12 X32,043.24 x16,094.24 x> Answer is complete but not entirely correct.TotalInterestPaymentPayment17,996.47 $17,996.47✔17,996.47 ✔17,996.47 ✔17,996.47✔Answer is complete and correct.6,300.00 $5,257.90 X4,122.01 XTotal interest paid $ 19,982.352,884.90 X1,444.43 xPrincipalPaymentEndingBalanceHow much total interest is paid over the life of the loan?Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.11,696.47 $ $ 58,303.5312,738.57✔57,261.43 X13,874.46 X56,125.54 X15,111.57 X54,888.43 X16,552.04 X53,447.96 X

Loan amount = $70,000Interest rate = 9%Number of years = 5 years

Prepare an amortization schedule for a five-year loan of $70,000. The interest rate is 9 percent per year, and the loan calls for equal annual payments. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Year 1 2 3 4 5 $ Beginning Balance 70,000.00 $ $ 58,421.11 X 45,800.12 32,043.24 X 16,094.24 X > Answer is complete but not entirely correct. Total Payment 17,996.47 $ 17,996.47✔ 17,996.47✔ 17,996.47✔ 17,996.47 ✔ Interest Payment ✔ Answer is complete and correct. 6,300.00 $ 5,257.90 X 4,122.01 x 2,884.90 X 1,444.43 x Principal Payment 11,696.47 $ $ 12,738.57✔ 13,874.46 X 15,111.57X 16,552.04 X Ending Balance 58,303.53 57,261.43 X 56,125.54 X 54,888.43 X 53,447.96 X How much total interest is paid over the life of the loan? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.

Prepare an amortization schedule for a five-year loan of $70,000. The interest rate is 9 percent per year, and the loan calls for equal annual payments. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Year 1 2 3 4 5 $ Beginning Balance 70,000.00 $ $ 58,421.11 X 45,800.12 32,043.24 X 16,094.24 X > Answer is complete but not entirely correct. Total Payment 17,996.47 $ 17,996.47✔ 17,996.47✔ 17,996.47✔ 17,996.47 ✔ Interest Payment ✔ Answer is complete and correct. 6,300.00 $ 5,257.90 X 4,122.01 x 2,884.90 X 1,444.43 x Principal Payment 11,696.47 $ $ 12,738.57✔ 13,874.46 X 15,111.57X 16,552.04 X Ending Balance 58,303.53 57,261.43 X 56,125.54 X 54,888.43 X 53,447.96 X How much total interest is paid over the life of the loan? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.

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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What are the repayment schedules for each of the following five-year, 9 percent $11,000 term loans? Use Appendix D to answer the questions. Do not leave any cells blank. If the answer is zero, enter "0". Do not round intermediate calculations. A. Equal annual payments that amortize (retire) the principal and pay the interest owed on the declining balance. Round your answers to the nearest cent. Balance Interest Principal Year payment repayment on loan $ $ $ $ $ 1 2 3 4 5 $ $ $ $ $ Interest Principal Balance Year payment repayment on loan 1 $ $ 2 is B. Equal annual principal repayment, with interest calculated on the remaining balance owned. Round your answers to the nearest dollar. $ $ 3 $ $ $ 4 5 es $ $ $ $ $ $ $ $ $ $ $ $ $
Take a look at the chart pls..
Amortizing Loan Consider a 4-year amortizing loan. You borrow $351,000 initially, and repay it in four equal annual year-end payments. a. If the interest rate is 4.55%, calculate the annual payment. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Annual payment b. Prepare an amortization schedule. (Leave no cells blank - be certain to enter "0" wherever required. Do not round intermediate calculations. Round your answers to 2 decimal places.) Time 0 Loan Balance Year-End Interest Due on Balance Year-End Payment Amortization of Loan $ $ $ $ 1234
Suppose you borrow $14,000. The interest rate is 11%, and it requires 4 equal end-of-year payments. Set up an amortization schedule that shows the annual payments, interest payments, principal repayments, and beginning and ending loan balances. Round your answers to the nearest cent. If your answer is zero, enter "0". Beginning Repayment Ending Year Balance Payment Interest of Principal Balance 1 $ fill in the blank 60 $ fill in the blank 61 $ fill in the blank 62 $ fill in the blank 63 $ fill in the blank 64 2 $ fill in the blank 65 $ fill in the blank 66 $ fill in the blank 67 $ fill in the blank 68 $ fill in the blank 69 3 $ fill in the blank 70 $ fill in the blank 71 $ fill in the blank 72 $ fill in the blank 73 $ fill in the blank 74 4 $ fill in the blank 75 $ fill in the blank 76 $ fill in the blank 77 $ fill in the blank 78 $ fill in the blank 79
Answer in typing
Develop an amortization schedule for the loan described. (All answers should be entered in dollars. Round your answers to the nearest cent.) 1 $90,000 for 2 years at 12% compounded semiannually Period 1 2 3 4 5 $ $ $ $ $ Payment $ $ $ $ $ Interest Balance Reduction $ $ $ $ $ Unpaid Balance $90,000 $ $ $ $ $0.00
Please don't provide handwritten solution..
3. Complete an amortization schedule for a $38,000 loan to be repaid in equal installments at the end of each of the next 3 years. The interest rate is 7% compounded annually. If an amount is zero, enter "0". Do not round intermediate calculations. Round your answers to the nearest cent. Beginning Balance $ % Interest Year 1 2 3 ɔ. What percentage of the payment represents interest and what percentage represents principal for each of the 3 years? Do not round intermediate calculations. Round your answers to two decimal places. % Principal Payment $ % % % % Interest $ % Repayment. of Principal $ Year 1: Year 2: Year 3: % Why do these percentages change over time? I. These percentages change over time because even though the total payment is constant the amount of interest paid each year is declining as the remaining or outstanding balance declines. Remaining Balance $ II. These percentages change over time because even though the total payment is constant the amount of interest paid…
The interest rate on a $15,300 loan is 9.7% compounded semiannually. Semiannual payments will pay off the loan in nine years. (Do not round intermediate calculations. Round the PMT and final answers to 2 decimal places.) a. Calculate the interest component of Payment 12. $ b. Calculate the principal component of Payment 5. Principal c. Calculate the interest paid in Year 8. Interest paid d. How much do Payments 5 to 8 inclusive reduce the principal balance? Principal reduction Interest
Find the monthly payment and estimate the remaining balance. Assume interest is on the unpaid balance. 5-year computer loan for $2770 at 6.7%; remaining balance after 2 years. The monthly payment is (Round to the nearest cent as needed
Can you help me to find the full repayment for this question, please?
1

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