Question

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

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 $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

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,...

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
$
$
$
$
$

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.

Please create a Variable Interest Rate Loan Amortization
schedule with the columns: Year, Amount owed on the principal at
the beginning of the year, Annuity payment, Interest portion of the
annuity, Repayment of the principal portion of the annuity,
outstanding loan balance at year end
For the following:
You obtain a $6,000 loan from a furniture dealer at a variable
interest rate. The loan payments is adjusted every year based on
the annuity amount implied by interest rate of year...

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...

19. Complete an amortization schedule for a $25,000 loan to be
repaid in equal installments at the end of each of the next 4
years. The interest rate is 10% compounded annually.
Please compute the following:
Beg.
Balance
Payment
Interest
Year
3
X
Y
Z
A X= $ 13,687.78 ; Y= $7,886.77 ; Z=
$1,368.78
B. X= $ 17,441.13 ; Y= $10,886.87 ; Z= $2,500.00
C. X= $ 9,138.97 ; Y= $7,886.77 ; Z=
$2,500.00
D. X= $ 7,552.87...

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...

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