Set XYZ as the last three digits of your student number. Construct an amortization schedule for a XYZ,000 loan repaid in ten annual payments, in which the annual effective rate of interest is 5%. Construct a sinking fund schedule for item 3. The annual effective rate of interest is 5% for the loan and sinking fund.

Q: a. Complete an amortization schedule for a $11,000 loan to be repaid in equal installments at the…

A: An amortization schedule is a schedule that shows a detailed break up pf loan payment over different…

Q: You have a new 10 year Student loan for $20,000.00 that charges an interest rate of 6.45% compounded…

A: Amortization: It is the systematic writing-off of premium or discount on bonds issued. If the market…

Q: We will use Excel PMT function to calculate the payment Rand then create an amortization schedule…

A: PMT function in excel is used to calculate the amount of payment received or paid by the individual.…

Q: Prepare the amortization schedule for a fifteen-year loan of $100,000. The APR is 3% and the loan…

A: Before preparation of first, we have to find the monthly installment and the monthly installment is:…

Q: Calculate the monthly payment by using the loan amortization table:  (Round your answer to the…

A: Annuity: An annuity is defined as a series of payments, whether received or made, that are equal and…

Q: Complete an amortization schedule for a $31, 000 loan to be repaid in equal installments at the end…

A: We need to use PMT function to calculate yearly payment.The formula is:   =PMT(RATE,NPER,-PV)

Q: Consider a loan of $98,000 at 7% compounded annually, with 12 annual payments. Find the following.…

A: Loan amortization can be defined as the procedure of amortizing the loan in such a way that the loan…

Q: Find the amount of the final payment if it is to be larger than the regular payments.

A: Present value illustrates the current value of a sum of money that will be received or paid in the…

Q: Find the monthly payment and estimate the remaining balance.

A: The time value of money recognizes the idea that the value of an amount of money today differs from…

Q: A loan of $2,000 is paid by the following series of payments, beginning one year after the loan is…

A: Amortization table shows the break up of instalments for the interest charged on the outstanding…

Q: For a student loan of $20,700 at 2.75% for 20 years, complete the following. (a) Calculate the…

A: Loan amount = $20,700Interest rate = 2.75%Number of years = 20 years

Q: A student borrows ​$68,300 at 7.2​% compounded monthly. Find the monthly payment and total…

A: Here, Borrowed Amount is $68,300 Interest Rate is 7.2% Compounding Period is Monthly i.e 12 Time…

Q: Develop an amortization schedule for the loan described below. $45,000 for 2 years at 5% compounded…

A: The question is based on the concept of Loan and amortization, Annuity.

Q: Installment Note. On January 1, 20x1, agree to buy equipment in exchange for six payments of $2,000…

A: The note can be defined as the promissory note issued by the borrower making promise that the…

Q: A student loan for $32,000 is paid back in monthly payments over ten years with an interest rate of…

A: Annuity refers to series of annual payment which are paid or received at start or end of specific…

Q: A. Payback. The company requires all projects to payback within 3 years. Calculate the payback…

A: Payback period = Year of last negative cash flow + (Absolute value of last negative cash flow/Next…

Q: Consider a student loan of $25,000 at a fixed AP a. Calculate the monthly payment. b. Determine the…

A: Loan amount = $25,000Interest rate = 9%Number of years = 30 years

Q: Construct an amortization schedule for a $275,000, 6.8% annual rate loan with 30 equal payments.

A: Loan Amount = $ 275000Loan Term = 30 YearsInterest Rate = 6.80%

Q: Please show all formulas and the process in Excel for each question. You borrow a GPM of $450,000…

A: Here, Loan Amount $         4,50,000.00Time Period in years15Interest Rate4.50%Year1 to 56 to 1010…

Q: Find the monthly payment on the loan. Assume that the term of the loan is 10 years. $6300 at 7.8%…

A: Given: Loan amount = $6,300 Interest rate = 7.8% Term = 10 yearsThe payment deferred for 6 months…

Q: Consider a student loan of $10,000 at a fixed APR of 10% for 5 years. a. Calculate the monthly…

A: Here,LoanAmount (PV) is $10,000Interest Rate (r) is 10%Time Period of Loan (n) is 5 yearsCompounding…

Q: Consider a student loan of $18,000 with an APR of 6.2% for 7 Years with monthly compounding and…

A: Monthly effective interest rate = APR/12 = 0.062/12 = 0.005167 Total Term of Loan = 7*12 = 84 months…

Amortized Loans

The term "amortization" refers to spreading the value of a loan or a debt over a series of regular payments or installments comprising of both the principal and interest amount. It generally involves the process where in the value of a loan or an intangible asset is written down over its maturity period.