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.

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...

Construct the amortization schedule for a $19,000.00 debt that
is to be amortized in 12 equal semiannual payments at 5.5%
interest per half-year on the unpaid balance. Fill out the
amortization schedule below. Round all values to the nearest
cent.
Payment Number
Payment
Interest
Unpaid Balance Reduction
Unpaid Balance
0

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...

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