The debt is amortized by equal payments made at the end of each payment interval. Compute (a) the size of the periodic payments; (b) the outstanding principal at the time indicated; (c) the interest paid by the payment following the time indicated; and (d) the principal repaid by the payment following the time indicated for finding the outstanding principal. Debt Principal Repayment Period Раyment Interval 3 months Conversion Outstanding Principal After: 8th payment Interest Rate Period $15,000 8 years 10% quarterly (a) The size of the periodic payment is S (Round the final answer to the nearest cent as needed. Round I intermediate values to six decimal places as needed.) (b) The outstanding principal after the 8th payment is S (Round the final answer to the nearest cent as needed. Round | intermediate values to six decimal places as needed.) (c) The interest paid by the 9th payment is $ (Round the final answer to the nearest cent as needed. Round | intermediate values to six decimal places as needed.) (d) The principal repaid by the 9th payment is S (Round the final answer to the nearest cent as needed. Round I intermediate values to six decimal places as needed.)

The debt is amortized by equal payments made at the end of each payment interval. Compute (a) the size of the periodic payments; (b) the outstanding principal at the time indicated; (c) the interest paid by the payment following the time indicated; and (d) the principal repaid by the payment following the time indicated for finding the outstanding principal. Debt Principal Repayment Period Раyment Interval 3 months Conversion Outstanding Principal After: 8th payment Interest Rate Period $15,000 8 years 10% quarterly (a) The size of the periodic payment is S (Round the final answer to the nearest cent as needed. Round I intermediate values to six decimal places as needed.) (b) The outstanding principal after the 8th payment is S (Round the final answer to the nearest cent as needed. Round | intermediate values to six decimal places as needed.) (c) The interest paid by the 9th payment is $ (Round the final answer to the nearest cent as needed. Round | intermediate values to six decimal places as needed.) (d) The principal repaid by the 9th payment is S (Round the final answer to the nearest cent as needed. Round I intermediate values to six decimal places as needed.)

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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This amortization table shows the first 3 payments and the last 3 payments on a mortgage. Payment Monthly Interest PrincipalOutstanding number payment paid paid balance $120 000.00 $119 746.95 $119 492.58 $119 236.90 $1735.38 $869.43 $1.01 1 $874.94$621.89 $253.05 2 $874.94$620.58 $254.36 3 $874.94$619.26 $255.68 $874.94 $13.46 $861.48 $874.94 $874.94 238 $8.99 $865.95 $4.51 $870.43 239 240 What is the total interest paid over the life of the mortgage?
The debt is amortized by the periodic payment shown. Compute (a) the number of payments required to amortize the debt; (b) the outstanding principal at the time indicated. Debt Principal Debt Payment $17,000 $814 Payment Interval 1 month Interest Rate 8% Conversion Period quarterly Outstanding Principal After: 7th payment (a) The number of payments required to amortize the debt is (Round up to the nearest integer.) (b) The outstanding principal is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
What account would be debited (1), what account would be credit (2), and what amount would be paid to record the journal entry for each interest payment based on a $100,000 five-year, 12% bond and the bond was issued at $103,769 (12%) and interest is paid semiannually? JOURNAL Page 25 DATE DESCRIPTION P.REF. DEBIT CREDIT (1) ? (2) ? (1) Interest Expense debit $6,000, and (2) Cash credit $6,000 (1) Interest Expense debit $12,000 and (2) Cash credit $12,000 (1) Cash debit $12,000 and (2) Interest Expense credit $12,000 (1) Cash debit $6,000, and (2) Interest Expense credit $6,000
Ef 591.
Exercise 14-15 Allocation of interest for bonds sold at a premium LO6 Tahoe Tent Ltd. issued bonds with a par value of $802,000 on January 1, 2020. The annual contract rate on the bonds was 13.00%, and the interest is paid semiannually. The bonds mature after three years. The annual market interest rate at the date of issuance was 11.00%, and the bonds were sold for $842,064. a. What is the amount of the original premium on these bonds? (Use financial calculator for calculating PV's. Round the final answer to the nearest whole dollar.) Premium b. How much total bond interest expense will be recognized over the life of these bonds? (Do not round intermediate calculations. Round the final answer to the nearest whole dollar.) Total interest expense
The debt in the table below is retired by the sinking fund method. Interest payments on the debt are made at the end of each payment interval and the payments the sinking fund are made at the same time. Determine the following (a) the size of the periodic interest expense of the debt, (b) the size of the periodic payment into the sinking fund, (c) the periodic cost of the debt, (d) the book value of the debt at the time indicated. Debt Principal $19,000 Term of debt 10 years Payment Interval Interest Rate on Debt Interest Rate on Fund Conversion Period 3 months 6.5% 7% quarterly Book Value Required After 8 years (a) The size of the periodic interest expense is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
ll. Subject :- Accounting
The table below shows the amortization schedule for a $3000 debt, which is amortized in 3 equal quarterly payments at 2.8% interest per quarter. Fill in the blanks. (No need to show your calculations in this question). Payment number Payment Interest Unpaid balance reduction Unpaid balance $3,000.00 2 56.77 1,027.74 3 1,027.74 0.00
Amortization Schedule - Long-term Note January 1, 2020 Wang Co borrows $40,000 at 5% for 7 years. Determine the blended annual December 31, year-end payments. Prepare an amortization schedule. N (period of time) | (Interest) PV (Present Value FV (Future Value) PMT (Annuity) Required 1 Prepare the loan amortization schedule using the effective interest method. Beginning Balance Interest Principal Payment Annual Principal Page T Period Раде Payment Expense Balance 1 2 3 4 6 7 2 Determine the amount that would be presented on the balance sheet at December 31, 2020 (at end of year 1) as: Current portion of long-term note at December 31, 2020 3 Prepare the journal entry to record the last loan payment. General Journal DR CR
This amortization table shows the first 3 payments and the last 3 payments on a mortgage. Payment Monthly Interest PrincipalOutstanding number payment paid paid balance $120 000.00 $119 746.95 $119 492.58 $119 236.90 $1735.38 $869.43 $1.01 1 $874.94$621.89 $253.05 2 $874.94$620.58 $254.36 3 $874.94$619.26 $255.68 $874.94 $13.46 $861.48 $874.94 $874.94 238 $8.99 $865.95 $4.51 $870.43 239 240 What is the total interest paid over the life of the mortgage?
s
The debt is amortized by the periodic payment shown. Compute (a) the number of payments required to amortize the debt; (b) the outstanding principal at the time indicated. Payment Interval Conversion Debt PrincipalDebt Payment $14,000 Outstanding Principal After: 7th payment Interest Rate Period $875 1 month 12% monthly (a) The number of payments required to amortize the debt is. (Round the final answer up to the nearest whole number. Round all intermediate values to six decimal places as needed.) (b) The outstanding principal is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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