- No Need To Show Work For B 1 (54.1 KiB) Viewed 24 times
no need to show work for b
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answerhappygod
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no need to show work for b
no need to show work for b
Question 11 of 13 Alexander purchased a machine for $340,000. He paid 16% of the value as a down payment and received a loan for the balance at 6.45% compounded quarterly. He had to make payments of 54,453.1 at the end of every month to settle the loan. a. How many payments were made? A full solution for the number of payments should be shown. Submit your solution. payments Round up to the next payment period b. Fill in the partial amortization schedule for the first two payments, the last two payments, including the previous principal balance, and all totals. No work needs to be shown. Enter the value directly into the schedule. Payment Payment Number Interest Portion Principal Portion Principal Balance 0 1 N :: :: :: . 0.00 Totals -- c. What was the total interest paid (cost of financing)? No work needs to be shown. Enter the values directly for the total interest paid.
Question 11 of 13 Alexander purchased a machine for $340,000. He paid 16% of the value as a down payment and received a loan for the balance at 6.45% compounded quarterly. He had to make payments of 54,453.1 at the end of every month to settle the loan. a. How many payments were made? A full solution for the number of payments should be shown. Submit your solution. payments Round up to the next payment period b. Fill in the partial amortization schedule for the first two payments, the last two payments, including the previous principal balance, and all totals. No work needs to be shown. Enter the value directly into the schedule. Payment Payment Number Interest Portion Principal Portion Principal Balance 0 1 N :: :: :: . 0.00 Totals -- c. What was the total interest paid (cost of financing)? No work needs to be shown. Enter the values directly for the total interest paid.
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