Question

Construct an amortization schedule for a $1,000, 8% annual rate loan with 3 equal payments. The first payment will be made at the end of the1st year. Find the required annual payments (Why is D the correct answer?)

a)$367.2

b) $355.8

c) $367.2

d) $388.0

e)$390.7

Answer #1

Construct an amortization schedule for a $1,000, 8% annual rate
loan with 3 equal payments. The first payment will be made at the
end of the1st year. Find the required annual payments
$355.8
$367.2
$388.0
$390.7
Based on the information from above, what’s the ending balance
of the amortized loan at the end of the second year
$0
$359.4
$388.3
$682.8
Based on the information from above, calculate the total amount
of interests you should pay for the amortized loan...

Construct an amortization schedule for a $1,000, 8% annual rate
loan with 3 equal payments. The first payment will be made at the
end of the1st year. Find the required annual payments
$355.8
$367.2
$388.0
$390.7
Based on the information from Question 37, what’s the ending
balance of the amortized loan at the end of the second year
$0
$359.4
$388.3
$682.8
Based on the information from Question 37 and 38, calculate the
total amount of interests you should pay...

Construct an amortization schedule for a $20,000, 3.45% annual
rate loan with 3 equal payments. Please complete the
schedule below as you see fit.
Year Beg.
Balance
Payment Interest Principal End
Balance

Loan amortization schedule Personal Finance Problem Joan
Messineo borrowed $49,000 at a 3% annual rate of interest to be
repaid over 3 years. The loan is amortized into three equal,
annual, end-of-year payments.
a. Calculate the annual, end-of-year loan payment.
b. Prepare a loan amortization schedule showing the interest
and principal breakdown of each of the three loan payments.
c. Explain why the interest portion of each payment declines
with the passage of time.
a. The amount of the equal,...

Loan amortization schedule Personal Finance
Problem Joan Messineo borrowed 41,000
at a 4% annual rate of interest to be repaid over 3 years. The
loan is amortized into three equal, annual, end-of-year
payments.
a. Calculate the annual, end-of-year loan
payment.
b. Prepare a loan amortization schedule
showing the interest and principal breakdown of each of the three
loan payments.
c. Explain why the interest portion of each
payment declines with the passage of time.

Prepare an amortization schedule for a three-year loan of
$100,000. The interest rate is 8% per year, and the loan calls for
equal annual payment.
How much is the annual total loan payment?
How much interest is paid in the first year?
How much total interest is paid over three years?

Amortization Schedule
Consider a $50,000 loan to be repaid in equal installments at
the end of each of the next 5 years. The interest rate is 9%.
Set up an amortization schedule for the loan. Round your
answers to the nearest cent. Enter "0" if required
Year
Payment
Repayment Interest
Repayment of Principal
Balance
1
$
$
$
$
2
$
$
$
$
3
$
$
$
$
4
$
$
$
$
5
$
$
$
$
Total...

?Joan Messineo borrowed $16,000at a15%annual
rate of interest to be repaid over 3 years. The loan is amortized
into three? equal, annual,? end-of-year paymen
a.??Calculate the? annual, end-of-year loan
payment.
b.??Prepare a loan amortization schedule
showing the interest and principal breadown of each of the three
loan payments.
c. Explain why the interest portion of each
payment declines with the passage of time.
?Show calculations

Construct an amortization schedule for a six-year, RM20,000 loan
at 7% interest compounded annually
a) If the first payment is made one year from now.
Ans: P = RM 4,195.92
b) If the first payment is made immediately.
Ans: P = RM 3,921.42

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?

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