Question

a. Complete an amortization schedule for a $28,000 loan to be repaid in equal installments at the end of each of the next three years. The interest rate is 11% compounded annually. Round all answers to the nearest cent.

Beginning | Repayment | Ending | |||

Year | Balance | Payment | Interest | of Principal | Balance |

1 | $ | $ | $ | $ | $ |

2 | $ | $ | $ | $ | $ |

3 | $ | $ | $ | $ | $ |

Answer #1

Complete an amortization schedule for a $28,000 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.
Beginning
Repayment
Ending
Year
Balance
Payment
Interest
of Principal
Balance
1
$
$
$
$
$
2
3
What percentage...

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.
Beginning
Repayment
Ending
Year
Balance
Payment
Interest
of Principal
Balance
1
$
$
$
$
$
2
3
What percentage...

a. Complete an amortization schedule for a $28,000 loan to be
repaid in equal installments at the end of each of the next three
years. The interest rate is 12% compounded annually. Round all
answers to the nearest cent.
Beginning
Repayment
Ending
Year
Balance
Payment
Interest
of Principal
Balance
1
$
$
$
$
$
2
$
$
$
$
$
3
$
$
$
$
$
b. What percentage of the payment represents interest and what
percentage represents principal...

Complete an amortization schedule for a $25,000 loan to be
repaid in equal installments at the end of each of the next three
years. The interest rate is 11% compounded annually. Round all
answers to the nearest cent.
Beginning
Repayment
Ending
Year
Balance
Payment
Interest
of Principal
Balance
1
$
$
$
$
$
2
$
$
$
$
$
3
$
$
$
$
$
b. What percentage of the payment represents interest and what
percentage represents principal for...

a. Complete an amortization schedule for a $40,000 loan to be
repaid in equal installments at the end of each of the next three
years. The interest rate is 11% compounded annually. Round all
answers to the nearest cent.
Beginning
Repayment
Ending
Year
Balance
Payment
Interest
of Principal
Balance
1
$
$
$
$
$
2
$
$
$
$
$
3
$
$
$
$
$
b. What percentage of the payment represents interest and what
percentage represents principal...

a. Complete an amortization schedule for a $13,000 loan to be
repaid in equal installments at the end of each of the next three
years. The interest rate is 12% compounded annually. Round all
answers to the nearest cent.
Beginning
Repayment
Ending
Year
Balance
Payment
Interest
of Principal
Balance
1
$
$
$
$
$
2
$
$
$
$
$
3
$
$
$
$
$
b. What percentage of the payment represents interest and what
percentage represents principal...

Set up an amortization schedule for a $30,000 loan to be repaid
in equal installments at the end of each of the next 3 years. The
interest rate is 10% compounded annually. How much repayment of
principal was included in the first payment?

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 9% compounded annually. If an amount is
zero, enter "0". Do not round intermediate calculations. Round your
answers to the nearest cent.
Beginning
Repayment
Ending
Year
Balance
Payment
Interest
of Principal
Balance
1
$
$
$
$
$
2
3
What percentage...

Complete an amortization schedule for a $30,000 loan to be
repaid in equal installments at the end of each of the next three
years. The interest rate is 9% compounded annually. If an amount is
zero, enter "0". Do not round intermediate calculations. Round your
answers to the nearest cent.
Beginning
Repayment
Ending
Year
Balance
Payment
Interest
of Principal
Balance
1
$
$
$
$
$
2
3
What percentage...

Complete an amortization schedule for a $46,000 loan to be
repaid in equal installments at the end of each of the next 3
years. The interest rate is 8% compounded annually. If an amount is
zero, enter "0". Do not round intermediate calculations. Round your
answers to the nearest cent.
Beginning
Repayment
Remaining
Year
Balance
Payment
Interest
of Principal
Balance
1
$
$
$
$
$
2
3
What percentage...

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