solve the following using the concept of amortization1.Show the amprtization schedule for a loan ₱15.000 at 4% interest compounded monthly, payable for 12 months Solve the following problems using the concept ofamortization1. Show the amortization schedule for a loan P15,000 at 4% interest compoundedmonthly, payable for 12 months.2. ABC Realty sold a piece of land for P250,000. A down payment of P50,000 wasmade and the remainder is to be paid in equal semiannual installments, the firstdue 6 months after the date of sale. The interest is 8% compoundedsemiannually and the debt is to be amortized in 5 years.a. How much semiannual payment is required?b. What will the total amount of the payment be?How much interest will be paid?d. What is the total cost of the property?С.e. Prepare an amortization schedule for the present value of the loan after makingthe down payment.

Amortization Schedule: It is a complete periodic loan payment that helps in showing the interest and…

Answered: solve the following using the concept…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Construct the amortization schedule for a $7000 debt that is to be amortized in 5 equal quarterly payments at 2.5% interest per quarter on the unpaid balance. How much interest must be paid?
Complete the following from the first three lines of an amortization schedule for the following loan:You borrow $ 330000 with an annual interest rate of 6% over 20 years Starting principal = $ 330000New balance after month 1 payment = New balance after month 2 payment = New balance after month 3 payment =
In a loan by $5 000 000,00, with a rate of interest of 28 % a five years term, payable to the end of each month: a. Which the amount of the Payments monthly that shall be realized to the Finalize each month? b. Which the amount of amortization and interests for the five first months?
Please answer base on the amortization schedule table. Thank you!
The following is an amortization schedule for a loan of $5000 to be repaid over two years at 7% compounded semiannually (depicted below in the table). Find the value of A, B, C, and D.
Complete the first three lines of an amortization schedule for the following loan. Assume monthly payments. amount, $6000; rate, 9%; time, eighteen months Fill out the amortization schedule below, assume monthly payments and round all values to the nearest cent. Payment Amount of Interest Applied to Number Payment Payment Principal 2 3 $ $ $ Balance $6000 $ $
Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $130,000 for 3 years at 10% compounded annually Period Payment Interest Balance Reduction Unpaid Balance $130, 000 1 $ $ $ $2$$$$3$ $$ $0.00
Prepare an amortization schedule for a five year loan of $58,500. The interest rate is 6% per year and the loan cost for equal annual payments. How much interest is paid in the third year? how much total interest is paid over the life of the loan? Loan amount $ Interest rate Loan term Output area: 58,500 6% 5 Loan payment $13,887.69 Year Beginning balance 1 $ 58,500.00 Total payment Interest paid Principal paid Ending balance $ 13,887.69 $ 3,510.00 $ 10,377.69 $ 48,122.31 2 3 4 5 Total interest paid over life of loan
A $23,970 loan is to be settled by making payments of $6,999 at the end of every six months. The interest is 7.58% compounded monthly. a) Find the number of payments in the term. N = b) Fill in the missing values of the amortization schedule below. Round off your answers to two decimal places. Enter a positive value for all answers. Payment Number 0 1 2 3 4 Payment Amount ($) PMT FA A A A Interest Portion ($) INT FA A $ Principal Portion ($) PRN $ A $ Loan Balance ($) BAL A A $23,970
A present obligation amounting to ₱150,000 is to be repaid for 4 years at a rate of 12% per year. The borrower has three options to repay the money, what would you recommend? a. Pay the interest and principal in one payment at the end of the period. b. Pay interest due to at the end of each period and the principal at the end of the 4th year. c. Pay 50% of the principal at the end of the first year and 50% at the end of the 4th year. The interest will be paid at each end of the year
H

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solve the following using the concept of amortization 1.Show the amprtization schedule for a loan ₱15.000 at 4% interest compounded monthly, payable for 12 months