What's New ACTIVITY 4.3 AMORTIZATION SCHEDULE Direction: Complete the amortization table below of a loan of P 100 000 payable semi- annually after 5 years at a rate of 10%. Show your solution of the first PV and the rest of succeeding entries of columns E, B and C. Period Unpaid PV, Amortization (B-C) Beginning Interest based on Effective Rate (A x effective rate) B Interest based on stated rate (Principal x stated rate) C Unpaid PV, Ending (A + D) A D E 84 555 4 228 3 000 668L9SAWN-O 3 4 5 7 10 84 555 1 228

What's New ACTIVITY 4.3 AMORTIZATION SCHEDULE Direction: Complete the amortization table below of a loan of P 100 000 payable semi- annually after 5 years at a rate of 10%. Show your solution of the first PV and the rest of succeeding entries of columns E, B and C. Period Unpaid PV, Amortization (B-C) Beginning Interest based on Effective Rate (A x effective rate) B Interest based on stated rate (Principal x stated rate) C Unpaid PV, Ending (A + D) A D E 84 555 4 228 3 000 668L9SAWN-O 3 4 5 7 10 84 555 1 228

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

See similar textbooks

Similar questions

Erik purchased a laptop. Part of an amortization table for Erik's one-year personal loan is shown. Principal Paid ($) Interest Paid ($) 206.91 21.67 208.64 19.94 210.38 18.20 212.13 16.45 213.90 14.68 215.68 12.90 217.48 11.10 219.29 9.29 221.12 7.46 222.96 5.62 224.82 3.76 226.69 1.89 Calculate the total amount needed to repay the loan.
← Use the formula for the present value of an ordinary annuity or the amortization formula to solve the following problem PV=$5,000; 1=0.015, PMT=$250; n = ? n= (Round up to the nearest integer.) GLEE
Idnetify the periodic payment of the following ordinary annuities. 1. Monthly payment of the future value of 50,000 for 1 year with an interest rate of 10% compounded monthly. 2. Quarterly payment of an accumulated amount of 80,000 for 2 years with an interest rate of 8% compounded quarterly
A Chevrolet Sonic Hatchback costs $14,575.00$14,575.00. With a 1515%% down payment, you can have an amortized loan for 88 years at a rate of 3.53.5%%. What will the monthly payment be?
Prepare an amortization schedule for the first 3 payments (in dlls) of a 52,000 dlls mortgage at 5% for 25 years. (Round your answers to the nearest cent.) Payment Number Monthly Fixed Payment Amount of Interest 0 1 2 3 LA LA Payment to Principal LA A Ending Balance LA LA LA
Wade Ellis buys a new car for $16,437.63. He puts 10% down and obtains a simple interest amortized loan for the rest at 11 1/2% interest for four years. (Round your answers to the nearest cent.)
?
search $1000 per month, then when will the loan be repaid? 4. A partially amortizing mortgage loan is made for $60,000 for a term of 10 years. The borrower and lender agree that a balance of $20,000 will remain and be repaid as a lump sum at that time. If the interest rate is 7%, what must monthly payments be over the 10 year term? b. If the borrower chooses to repay the loan after five years instead of at the end of year 10, then what will the loan balance be at the end of year 5? 5. A fully amortizing CAM loan is made for $125,000 at 11 percent interest for 20 years. What will be the monthly payments and remaining loan balances for the first six months? b. What would monthly payments be if the loan were CPM instead? C. If both loans (the CAM and CPM) are repaid at the end of year 5, would the lender earn a higher rate of interest on either loan? Which one and why? Use Excel. 6. A $100,000 CPM fully amortizing loan is made, at a 3% interest rate compounded monthly, for a 15 year term.…