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 timeindicatedDebt Principal Debt Payment$16,000$1195PaymentInterval6 monthsInterest Rate4%ConversionPeriodsemi-annuallyOutstandingPrincipal After:6th payment(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.)

Debt refers to the money that a company borrows to fund its operations. It is one of the most common…

Answered: The debt is amortized by the periodic…

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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Similar questions

Construct the amortization schedule for a $15,000.00 debt that is to be amortized in 10 equal semiannual payments at 6% interest per half-year on the unpaid balance. Fill out the amortization schedule below. Round all values to the nearest cent. Unpaid Payment Number Payment Interest Balance Unpaid Balance Reduction $
A loan is to be amortized quarterly at P167,900.00 for three years. Find the outstanding principal after the tenth payment if money is worth 8% converted quarterly. Select one: O a. P703,916.06 O b. P30,825.31 O c. P24,255.86 d. No answer O e. P325,988.08
the payment necessary to amortize a 4.8% loan of $81000 compounded annually with 7 annual payments is $13897. The total of the payments is $97279.77 with a total interest payment of $16279.77. The borrower made larger payments of $14000.00. Calculate (a) the time needed to pay off the loan, (b) the total amount of the payments, and (c) the amount of interest saved. Question content area bottom Part 1 a. The time needed to pay off the loan with payments of $14,000.00 is (Round up to the nearest year.) b. The total amount of the payments is $ (Round to the nearest cent as needed. c. The amount of interest saved is $ (Round to the nearest cent as needed.)
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.)
Construct the amortization schedule for a $14,000.00 debt that is to be amortized in 10 equal semiannual payments at 6% interest per half-year on the unpaid balance. Fill out the amortization schedule below. Round all values to the nearest cent. Unpaid Payment Payment Interest Balance |Unpaid Balance Number Reduction 1 $ $ 2 $ $ EA
The koan given below was paid off earty. (a) Find the finance change, and (b) find the uneamed Interest calculated by the rule of 78. Regular Total Number of Remaining Number of Payments Scheduled Amount Monthly Payments Scheduled Payments After Payoff Financed $3,400 $204.96 18 6. (a) The finance charge is $ The unearned interest calculated using the rule of 78 is s (Round the final answer to the nearest cent as needed. Round all intermediate values to the nearest cent as needed.)
a. What amount should be reported as interest expense for 2021? b. If no correction is made, by what amount would interest expense for 2021 be understated?
The debt is amortized by the periodic payment shown. Compute (a) the number of pa indicated. Debt Principal Debt Payment $15,000 $1348 Payment Interval 3 months Interest Rate 10% Conversion Period quarterly Outs Princi 8th ... (a) The number of payments required to amortize the debt is (Round the final answer up to the nearest whole number. Round all intermediate value
CPLF borrows P2,500,000 from Bank DAAE at 11% interest to be paid at the end of each year for 15 years. Find for the annual total payments under (a) equal annual amortization and (b) equal principal payment methods. Construct a complete amortization schedule (as shown below) for each scheme.
Compute the size of the final payment for the following loan. Perlodic Principal S Payment $ 9900 Payment Period 6 months Payment Interest Rate Compounding Made at: beginning Period semi-annually 520 The size of the final payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to sox decimal places as needed.)
A debt of $1908 with interest at 6.3% compounded annually is to be repaid by equal payments at the end of each year for 4 years. 1. What is the balance remaining (BAL) after the first payment? 2. What is the principal repaid (PRN) in the first period? 3. What is the interest paid (INT) in the first period?
A lender offers a 1-year loan at what he calls 8 percent interest but requires the interest to be paid at the beginning rather than at the end of the year , as the usual practlce is to what interest ratc computed in the conventional manner does this interest charge correspond?

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