A debt of $10,000 with interest at 8% compounded quarterly is to be repaid by equal payments at the end of every three months for two years. b) Calculate the outstanding balance after three payments
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A debt of $10,000 with interest at 8% compounded quarterly is to be repaid by equal payments at
the end of every three months for two years.
b) Calculate the outstanding balance after three payments
Step by step
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- If Bergen Air Systems takes out a $100,000 loan, with eight equal principal payments due over the next eight years, how much will be accounted for as a current portion of a noncurrent note payable each year?. A debt of P5,000 with interest at 6% payable quarterly will be discharged, interest included, by equal payments at the end of each 3 months for two years. Construct the amortization scheduleA debt of $22,000 with interest of 10% compounded quarterly is to be amortized by payments of $5,000 at the end of each quarter for as long as necessary. Construct an amortization schedule showing the distribution of the payments as to interest and the repayment of principal.
- A debt of $10,000 with interest at 8% compounded quarterly is to be repaid by equal payments atthe end of every three months for two years.a) Calculate the size of the monthly payments.A loan of $92,800.00 is repaid by equal payments made at the end of every three months for 3 years. If interest is 8% compounded quarterly, find the size of the quarterly payments and construct an amortization schedule showing the payment number, amount paid, interest paid, principal repaid and outstanding principal balance of each payment. Additionally, include the totals for amount paid, interest paid and principal repaid of the loan.A debt of $12, 100 with interest at 7% compounded semi-annually is repaid by payments of S1, 750 made at the end of every 3 months. Construct an amortization schedule showing the total paid and the total cost of the debt
- A debt of P17,800 is amortized by making equal payments at the end of every six months for three years, and interest is 7.25% compounded semi-annually. Construct an amortization schedule.An $90,000 loan is amortized by payments of $1850 at the end of every six months at a rate of 2% compounded monthly. 1. Construct a partial amortization schedule showing the last 2 payments. 2. Determine the total amount paid to settle the loan. 3. Determine the total principal repaid. 4. Determine the total amount of interest paid.A debt of $1908 with interest at 6.3% compounded annually is to be repaid by equal payments at the end of each year for 4 years. What is the balance remaining (BAL) after the second payment? What is the principal repaid (PRN) in the second payment? What is the interest paid (INT) in the second payment?
- A debt of 15,000 with interest at the rate of 15% compounded semiannually is to be amortized by 3 equal payments at the end of each 6 months, the first payment is to be made after 1 year. Find the semiannual payment and construct an amortization schedule tabulation. Find the semiannual payment. Total amount of interest from 1st to 4th period.A debt of $1908 with interest at 6.3% compounded annually is to be repaid by equal payments at the end of each year for 4 years. 1. What is the balance remaining (BAL) after the first payment? 2. What is the principal repaid (PRN) in the first period? 3. What is the interest paid (INT) in the first period?A debt of P120,000 is to be amortized by equal payments at the end of every quarter for 2 years. If the interest charged is 12% compounded semi-annually, find the outstanding principal after each payment is made. Construct an amortization schedule.
