1) please answer all part and show work 2) please answer all the part showing on yhe table it should be 10 parts
Posted: Tue Jul 12, 2022 12:07 pm
1) please answer all part and show work
2) please answer all the part showing on yhe table it should be 10 parts
Consider a loan of $95,000 at 4% compounded annually, with 12 annual payments. Find the following. (a) the payment necessary to amortize the loan (b) the total payments and the total amount of interest paid based on the calculated annual payments (c) the total payments and total amount of interest paid based upon an amortization table. (a) The annual payment needed to amortize this loan is $ (Round to the nearest cent as needed.).
Prepare an amortization schedule for a loan of $8,741 at 14.50% interest compounded semiannually, to be repaid in five years in equal semiannual payments. Fill out the amortization schedule below (Round to the nearest cent as needed. Do not include the $ symbol in your answers.) Payment Amount of Applied to Balance Number Payment Principal $8,741 1 Interest Payment
- 1 Please Answer All Part And Show Work 2 Please Answer All The Part Showing On Yhe Table It Should Be 10 Parts 1 (27.86 KiB) Viewed 45 times
- 1 Please Answer All Part And Show Work 2 Please Answer All The Part Showing On Yhe Table It Should Be 10 Parts 2 (11.96 KiB) Viewed 45 times
Prepare an amortization schedule for a loan of $8,741 at 14.50% interest compounded semiannually, to be repaid in five years in equal semiannual payments. Fill out the amortization schedule below (Round to the nearest cent as needed. Do not include the $ symbol in your answers.) Payment Amount of Applied to Balance Number Payment Principal $8,741 1 Interest Payment