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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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 $
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 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?
Construct the amortization schedule for a $17,000.00 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 Balance Reduction Payment Number 0 1 2 Payment Interest $ $ $ $ $ $ Unpaid Balance $ $ WEEKER
Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your answers to the nearest cent. CompoundAmount Term ofInvestment NominalRate (%) InterestCompounded PresentValue CompoundInterest $28,500 18 months 4 semiannually $ $
1. A debt of Php 150,000 is to be amortized by ten semi-annual payments, the first to be made 6 months after the loan is given. The debt will be discharged by five equal payments each Php 8,000 and by five other equal payments of such amount that the final payment will liquidate the debt. If the interest rate is 11% compounded annually, construct an amortization schedule for the debt.
1.18q Determine the payment to amortize the debt. (Round your answer to the nearest cent.) Quarterly payments on $17,500 at 3.9% for 6 years.
A loan is being repaid by 15 annual instllments of 1000 each. Interest is at an effec- tive annual rate of 5%. Immediately after the fifth installment is paid, the loan is renegotiated. The revised amortization schedule calls for a sixth installment of 800, a seventh installment of 800 + K, with each subsequent installment increasing by K over the previous payment. The period of the loan is not changed. Determine the revised amount of the last installment.
A debt of $13,000 with interest at 5% compounded semi-annually is repaid by payments of $1,850 made at the end of every 3 months. Construct an amortization schedule showing the total paid and the total cost of the debt. Complete the amorization schedule. (Round to the nearest cent as needed.) Outstanding Principal Balance $13,000 Payment Number Amount Paid Interest Paid Principal Repaid 1 $1,850 2 $1,850 3 $1,850 $ $ 4 $1,850 $ 5 $1,850 $4 6 $1.850 $ 7 $1,850 $ $ 8 $0 The total paid is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) The total interest is S

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