1.→You bought a new house 2 years ago with a $100,000 mortgage. This is a very unusual loan that requires only annual pa

[answerhappygod]

1 You Bought A New House 2 Years Ago With A 100 000 Mortgage This Is A Very Unusual Loan That Requires Only Annual Pa 1 (217.08 KiB) Viewed 47 times

1.→You bought a new house 2 years ago with a $100,000 mortgage. This is a very unusual loan that requires only annual payments. You are now preparing your taxes and want to know how much interest you paid during the second year of the loan. If the loan interest rate is 8%, prepare an amortization schedule that shows second-year total interest paid and the end-of-year loan balance. 2. →Determine the present value of each of the following perpetuities: Perpetuities Annual amount Discount Rate Present Value of Perpetuity ($) A $10,000 10 $100,000 B $20,000 5 $400,000 C $50,000 8 $625,000