Question

Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.)

$20,000 for 1 year at 12% compounded quarterly

Period | Payment | Interest | Balance Reduction | Unpaid Balance |
---|---|---|---|---|

$20,000 | ||||

1 | $ | $ | $ | $ |

2 | $ | $ | $ | $ |

3 | $ | $ | $ | $ |

4 | $ | $ | $ | $0.00 |

Answer #1

Develop an amortization schedule for the loan described. (Round
your answers to the nearest cent.)
$35,000 for 1 year at 12% compounded quarterly
Period
Payment
Interest
Balance
Reduction
Unpaid
Balance
$35,000
1
$
$
$
$
2
$
$
$
$
3
$
$
$
$
4
$
$
$

Develop an amortization schedule for the loan described. (Round
your answers to the nearest cent.)
$35,000 for 1 year at 12% compounded quarterly
Period
Payment
Interest
Balance
Reduction
Unpaid
Balance
$35,000
1
$
$
$
$
2
$
$
$
$
3
$
$
$
$
4
$
$
$

Develop an amortization schedule for the loan described. (Round
your answers to the nearest cent.)
$230,000 for 3 years at 6% compounded annually
Period
Period
Payment
Interest
Balance Reduction
Unpaid Balance
1
$
$
$
$230,000
2
$
$
$
$
3
$
$
$
$0.00
Payment Interest Balance Reduction Unpaid Balance

Develop an amortization schedule for the loan described. (Round
your answers to the nearest cent.)
$130,000 for 3 years at 7% compounded annually
Period
Payment
Interest
Balance Reduction
Unpaid Balance
$130,000
1
$
$
$
$
2
$
$
$
$
3
$
$
$
$0.00

Develop an amortization schedule for the loan described. (Round
your answers to the nearest cent.)
$250,000 for 3 years at 10% compounded annually
Period
Payment
Interest
Balance
Reduction
Unpaid
Balance
$250,000
1
$
$
$
$
2
$
$
$
$
3
$
$
$
$0.00

Develop an amortization schedule for the loan described. (Round
your answers to the nearest cent.)
$80,000 for 3 years at 10% compounded annually
Period
Payment
Interest
Balance
Reduction
Unpaid
Balance
$80,000
1
$
$
$
$
2
$
$
$
$
3
$
$
$
$0.00

Develop an amortization schedule for the loan described. (Round
your answers to the nearest cent.)
$50,000 for 3 years at 7% compounded annually
Period
Payment
Interest
Balance
Reduction
Unpaid
Balance
$50,000
1
$
2
$
3
$0.00

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

Calculate the present value of the compound interest loan.
(Round your answers to the nearest cent.)
$28,000 after 7 years at 4% if the interest is compounded in the
following ways.
(a) annually
$
(b) quarterly
$

Calculate the present value of the compound interest loan.
(Round your answers to the nearest cent.)
$24,000 after 7 years at 3% if the interest is compounded in the
following ways.
(a) annually
$
(b) quarterly
$

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