Q 26 Create the amortization schedule for a loan of $5,300, paid monthly over two years using an APR of 8 percent. Enter the data for the first three months. (Round your answers to 2 decimal places.) BEGINNING BALANCE //TOTAL PAYMENT// INTEREST PAID//PRINCIPLE PAID//END BALANCE MONTH 1 MONTH 2 MONTH 3

Q 26 Create the amortization schedule for a loan of $5,300, paid monthly over two years using an APR of 8 percent. Enter the data for the first three months. (Round your answers to 2 decimal places.) BEGINNING BALANCE //TOTAL PAYMENT// INTEREST PAID//PRINCIPLE PAID//END BALANCE MONTH 1 MONTH 2 MONTH 3

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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Q 26

Create the amortization schedule for a loan of $5,300, paid monthly over two years using an APR of 8 percent. Enter the data for the first three months. (Round your answers to 2 decimal places.)

BEGINNING BALANCE //TOTAL PAYMENT// INTEREST PAID//PRINCIPLE PAID//END BALANCE

MONTH 1

MONTH 2

MONTH 3

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Question 13 How much principal will be repaid during the first year of end-of-month payments of $760 on a $39,000 loan at 11% compounded monthly? $6,342.20 O $1.254.75 O $7,005.20 O $5.081.11 O$3.055.63
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 A B Balance $ 14,000.00 Annual Rate 13.00% Monthly Rate Minimum Percentage Minimum Payment Additional $ с Month 2.50% $40.00 D E F G Calculate additional monthly payment required to pay off balance in 7 years. Minimum Total Payment Payment Interest Principal Balance H I J K
Question Three A loan of £16,000 is repayable by six equal annual payments with the first payment to be made in one years' time. The loan earns interest at a rate j = 4%. Construct a complete amortization schedule for the loan facility hence determine: i. The principal element of the 5th payment. The principal repaid in the last 3 years of the loan. The interest element of the 2nd payment. ii. 111. N) The total interest paid over the whole loan amount.
Solution plz
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Question Quarter-end payments of $1,470 are made for 9 years to settle a loan of $37,120. What is the effective interest rate charged on this loan?
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Part 1 How long will it take to save $1701.00 by making deposits of $146.00 at the end of every year into an account earning interest at 7% compounded annually? State your answer in years and months ( from 0 to 11 months). Question content area bottom Part 1 It will take enter your response here year(s) and enter your response here month(s).
Question 3 of7 A loan is partially settled by making payments of $3, 500 at the end of every six months for five years. If there is an outstanding balance of $12, 000 left on the loan after five years, what was the original loan amount? The interest rate charged was 5.78% compounded daily. Full solutions should be shown on separate sheets of paper. Submit your solutions. Original Loan Amount Round your answer to two decimal places.
Question Help 5.5.15 A $244,500 mortgage for 15 years for a new home is obtained at the rate of 8.9% compounded monthly. Find (a) the monthly payment, (b) the interest in the first payment, (c) the principal repaid in the first payment, and (d) the finance charge. (a) The monthly payment on the mortgage is $ (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)
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Question 12 A Php370,000 loan is to be amortized at 10% compounded semi-annually for 3 years. The semi-annual payment is Php67,173.49. From the given table below, what is the interest incurred in the second period? Period 0 1 2 3 4 5 6 Periodic Payment None Php67,173.49 Php67,173.49 Php67,173.49 Php67,173.49 Php67,173.49 Php67,173.49 Php9,250 Php59,371.58 Php252,704.93 Php 7,801.91 Interest Payment None Principal Repayment None Outstanding Balance Php370,000 12

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