Task 1B: Amortization Table for Option B Loan Amount, P = 24 430,000.00 Amortization Payment, Rg = %24 19,882.03 Interest Rate, rB = 3.40% Total Interest Paid = compounded quarterly
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- ging interest at j12-6% with monthly payments of $321.50 Calculate the missing amounts in the amortization table. Place the value for A in the first answer box, B in the second and C in the third. %23 PMT Interest Principal Balance 8,000.00 1 321.50 40.00 281.50 7,718.50 2 321.50Construct the amortzation schedule for a $14,000.00 dobt that is to be amortizod in 12 equal semiannual payments al 5.5% interest per hall-yoar on the unpaid balance Fill out the amortization schedule below. Round all values to the nearest cent. Payment Number Unpaid Balance Reduction Payment Interest Unpaid Balance $ 14000Written Work No.4 : COMPOUND INTERESTS Directions: Complete the table below. Show your solution on a separate sheet. Frequency of conversion Number of Future Value F Compound Interest Principal Nominal Periodic Term t P (P) Rate j Rate j convers (P) (P) ion n 1. 10,000 15% Monthly 5 years 2. 12% 3 years 3% 300,000 3. 15,000 bi-monthly 2 years 35,000 Semi- 4. 25,000 10% 50,000 annually
- Can someone explain how was the table of amortization calculated? Please show solution. Table of amortization is already given belowTake a look at the chart pls..Use aspreadsheet to create amortization schedules for the following five scenarios.What happens to the total interest paid under each scenario?a. Scenario 1:Loan amount: $1 millionAnnual rate: 5 percentTerm: 360 monthsPrepayment: $0b. Scenario 2: Same as 1, except annual rate is7 percentc. Scenario 3: Same as 1, except term is 180monthsd. Scenario 4: Same as 1, except prepayment is$250 per monthe. Scenario 5: Same as 1, except loan amount is$125,000
- Make your own amortization schedule using the given data Compute and complete the amortization table Period: 6 semi-annual periods (3 years) Effective interest: 8% Stated rate: 10% Face Value: 100,000 Issue Price: 105,242.14 Amortization of Carrying Balance Period Interest paid=100,000 x 5% Expense=carrying Interest to be Discount amount x 4% -Int exp. - Int paid 105,242.14 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 3. 4Please helpNeed asap plsss