What are the repayment schedules for each of the following five-year, 8 percent $13,000 term loans? Use Appendix D to answer the questions. Do not leave any cells blank. If the answer is zero, enter "0". Do not round intermediate calculations. Equal annual payments that amortize (retire) the principal and pay the interest owed on the declining balance. Round your answers to the nearest cent. Year Interestpayment Principalrepayment Balanceon loan 1 $ $ $ 2 $ $ $ 3 $ $ $ 4 $ $ $ 5 $ $ $ Equal annual principal repayment, with interest calculated on the remaining balance owned. Round your answers to the nearest dollar. Year Interestpayment Principalrepayment Balanceon loan 1 $ $ $ 2 $ $ $ 3 $ $ $ 4 $ $ $ 5 $ $ $ No principal repayment until after five years, with interest paid annually on the balance owned. Round your answers to the nearest dollar. Year Interestpayment Principalrepayment Balanceon loan 1 $ $ $ 2 $ $ $ 3 $ $ $ 4 $ $ $ 5 $ $ $ $1,500 annual principal repayment, with the balance paid at the end of five years and annual interest paid on the balance owed. Round your answers to the nearest dollar. Year Interestpayment Principalrepayment Balanceon loan 1 $ $ $ 2 $ $ $ 3 $ $ $ 4 $ $ $ 5 $ $ $

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter19: Lease And Intermediate-term Financing

Section: Chapter Questions

Problem 12P

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Question

What are the repayment schedules for each of the following five-year, 8 percent $13,000 term loans? Use Appendix D to answer the questions. Do not leave any cells blank. If the answer is zero, enter "0". Do not round intermediate calculations.

Equal annual payments that amortize (retire) the principal and pay the interest owed on the declining balance. Round your answers to the nearest cent.

Year	Interest payment	Principal repayment	Balance on loan
1	$		$	$
2	$		$	$
3	$		$	$
4	$		$	$
5	$		$	$

Equal annual principal repayment, with interest calculated on the remaining balance owned. Round your answers to the nearest dollar.

Year	Interest payment	Principal repayment	Balance on loan
1	$		$	$
2	$		$	$
3	$		$	$
4	$		$	$
5	$		$	$

No principal repayment until after five years, with interest paid annually on the balance owned. Round your answers to the nearest dollar.

Year	Interest payment	Principal repayment	Balance on loan
1	$		$	$
2	$		$	$
3	$		$	$
4	$		$	$
5	$		$	$

$1,500 annual principal repayment, with the balance paid at the end of five years and annual interest paid on the balance owed. Round your answers to the nearest dollar.

Year	Interest payment	Principal repayment	Balance on loan
1	$		$	$
2	$		$	$
3	$		$	$
4	$		$	$
5	$		$	$

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