Complete an amortization schedule for a $19,000 loan to be repaid in equal installments at the end of each of the next three years. The interest rate is 10% compounded annually. If an amount is zero, enter "0". Do not round intermediate calculations. Round your answers to the nearest cent.
What percentage of the payment represents interest and what percentage represents principal for each of the three years? Do not round intermediate calculations. Round your answers to two decimal places.
|% Interest||% Principal|
An investment will pay $150 at the end of each of the next 3 years, $200 at the end of Year 4, $300 at the end of Year 5, and $600 at the end of Year 6. If other investments of equal risk earn 5% annually, what is its present value? Its future value? Do not round intermediate calculations. Round your answers to the nearest cent.
Present value: $
Future value: $
First, we will calculate the Yearly equal installments
N = 3
I/Y = 10%
PV = $19,000
FV = 0
PMT = $7640.2
Now Part A
Part B: We have calculated from the above the inforrmation
% Principal = Repayment of Principal/Payment
% Interest = Interest/Payment
Please note that we are allowed to do one question or 4 parts of the same question which are interlinked. Please post it seperately to get the answer. Thanks
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