You have taken out a loan of $23,000 for 4 years with an interest rate of 4% compounded annually. The loan will be repaid by end of year payments. Fill in all the boxes below, and round all entries to the nearest cent. Enter only positive values for ALL ANSWERS. Annual payment: $ Payment Number 0) 1) 2) 3) 4) Total Amount Paid $6,336,30 x $ same as above same as above Interest Paid $ $ +A $ +A $ $ Principal Repaid $ $ $ $ SA Outstanding Balance $23,000 $ $ $ SA

You have taken out a loan of $23,000 for 4 years with an interest rate of 4% compounded annually. The loan will be repaid by end of year payments. Fill in all the boxes below, and round all entries to the nearest cent. Enter only positive values for ALL ANSWERS. Annual payment: $ Payment Number 0) 1) 2) 3) 4) Total Amount Paid $6,336,30 x $ same as above same as above Interest Paid $ $ +A $ +A $ $ Principal Repaid $ $ $ $ SA Outstanding Balance $23,000 $ $ $ SA

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter16: Working Capital Policy And Short-term Financing

Section: Chapter Questions

Problem 14P

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