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Question 9 Loan amount Interest rate...
The work is done. I just need my answers checked that are highlighted in yellow. Thank...
The work is done. I just need my answers checked that are
highlighted in yellow. Thank you.
Question 3 Marti's coin collection contains fifty 1937 silver dollars. Her grandparents purchased them at their face value (550) in 1937. These coins have appreciated by 8.2 percent annually. How much will the collection be worth in 2020? Present value 50.00 Years 83.00 Interest rate 8.20% Future value $34,660.33 Question 4 Five years ago, you invested $1,800. Today it is worth $2,215. What...
Check my work Problem 5-40 Amortizing Loan (LO3) Consider a 4-year amortizing loan. You borrow $2,600 initially and rep...
Check my work Problem 5-40 Amortizing Loan (LO3) Consider a 4-year amortizing loan. You borrow $2,600 initially and repay it in four equal annual year-end payments. 10 points a. If the interest rate is 9%, what is the annual payment? (Do not round intermediate calculations. Round your answer to 2 decimal places.) eBook Print Annual payment | $ 708.50 References b. Prepare an amortization schedule. (Do not round intermediate calculations. Round your answers to 2 decimal places. Leave no cells...
Prepare an amortization schedule for a five-year loan of $33,000. The interest rate is 9% per...
Prepare an amortization schedule for a five-year loan of $33,000. The interest rate is 9% per year, and the loan calls for equal annual payments. (Do not round intermediate calculations. Enter all amount as positive value. Round the final answers to 2 decimal places. Leave no cells blank - be certain to enter "0" wherever required.) Beginning Balance $ Total Payment $ Interest Payment $ Principal Payment $ Year Ending Balance $ 2 3 4 5 How much interest is...
Please answer all the questions posted. the 2 pictures in this case. thank you very much...
Please answer all the questions posted. the 2 pictures in this
case. thank you very much
you mean this format? please let me know if this is it
We were unable to transcribe this imageActivity: Loan Amortization Excel Online Structured Activity: Loan Amortization Your company is planning to borrow $3 million on a 5-year, 16%, annual payment, fully amortized term loan. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required...
You take out a 30-year loan in the amount of $450,000 at a 6 percent rate...
You take out a 30-year loan in the amount of $450,000 at a 6 percent rate annually. The loan is to be paid off by equal monthly installments over 30 years. How much is the total interest payment for the first five months? Draw an amortization table to support your answer showing the beginning balance, total payment, principal repayment, interest payment and ending balance. (Note: You need to show only five months on the table. You may use excel and...
sorry for the amount of photos i wanted to make sure the question and its parts...
sorry for the amount of photos i wanted to make sure the
question and its parts were clear. im having trouble with this
question, could someone find the answers and explain how they got
them? Thanks!
a. Complete an amortization schedule for a $26,000 loan to be repaid in equal installments at the end of each of the next three years. The interest rate is 8% compounded annually. Round all answers to the nearest cent. Beginning Balance Repayment of Principal...
C# Create an application that will allow a loan amount, interest rate, and number of finance...
C# Create an application that will allow a loan amount, interest rate, and number of finance years to be entered for a given loan. Determine the monthly payment amount. Calculate how much interest will be paid over the life of the loan. Display an amortization schedule showing the new balance after each payment is made. Design an object-oriented solution. Use two classes. Loan class: characteristics such as the amount to be financed, rate of interest, period of time for the...
please answer correctly. Thanks Problem 5-50 Amortization Schedule (LG5-9) Create the amortization schedule for a loan...
please answer correctly. Thanks
Problem 5-50 Amortization Schedule (LG5-9) Create the amortization schedule for a loan of $5,300, paid monthly over two years using an APR of 8 percent. Enter the data for the first three months. (Round your answers to 2 decimal places.) Month Beginning Balance Total Payment Interest Paid Principal Paid Ending Balance
i dont think those answers are correct and i am trying to find the total interest...
i dont think those answers are correct and i am trying to find
the total interest
Question 5 (of 35) Save & Exit Submit Time remaining: 2.51:03 8.00 points Problem 5-55 Amortization with Equal Payments (LO 3] Prepare an amortization schedule for a three year loan of $81,00). The interest rate is 8 percent per year, and the loan cals for equal annual payments. How much total interest is paid over the life of the loan? (Leave no cells blank....
Cam you please hand write. please i need the answers 13) A loan of $5,600 with...
Cam you please hand write. please i need the answers
13) A loan of $5,600 with an interest rate of 14% compounded annually can be repaid in 3 equal annual payments of $2,412.10. Complete the amortization schedule for the loan Period Payment Interest Balance Unpaid reduction balance XXXXXXXXX 5600.00 XXXXXXX XXXXXXXX 2412.10 1 2 3 0.00
The work is done. I just need my answers checked that are
highlighted in yellow. Thank you.
Question 3 Marti's coin collection contains fifty 1937 silver dollars. Her grandparents purchased them at their face value (550) in 1937. These coins have appreciated by 8.2 percent annually. How much will the collection be worth in 2020? Present value 50.00 Years 83.00 Interest rate 8.20% Future value $34,660.33 Question 4 Five years ago, you invested $1,800. Today it is worth $2,215. What...
Check my work Problem 5-40 Amortizing Loan (LO3) Consider a 4-year amortizing loan. You borrow $2,600 initially and repay it in four equal annual year-end payments. 10 points a. If the interest rate is 9%, what is the annual payment? (Do not round intermediate calculations. Round your answer to 2 decimal places.) eBook Print Annual payment | $ 708.50 References b. Prepare an amortization schedule. (Do not round intermediate calculations. Round your answers to 2 decimal places. Leave no cells...
Prepare an amortization schedule for a five-year loan of $33,000. The interest rate is 9% per year, and the loan calls for equal annual payments. (Do not round intermediate calculations. Enter all amount as positive value. Round the final answers to 2 decimal places. Leave no cells blank - be certain to enter "0" wherever required.) Beginning Balance $ Total Payment $ Interest Payment $ Principal Payment $ Year Ending Balance $ 2 3 4 5 How much interest is...
Please answer all the questions posted. the 2 pictures in this
case. thank you very much
you mean this format? please let me know if this is it
We were unable to transcribe this imageActivity: Loan Amortization Excel Online Structured Activity: Loan Amortization Your company is planning to borrow $3 million on a 5-year, 16%, annual payment, fully amortized term loan. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required...
sorry for the amount of photos i wanted to make sure the
question and its parts were clear. im having trouble with this
question, could someone find the answers and explain how they got
them? Thanks!
a. Complete an amortization schedule for a $26,000 loan to be repaid in equal installments at the end of each of the next three years. The interest rate is 8% compounded annually. Round all answers to the nearest cent. Beginning Balance Repayment of Principal...
please answer correctly. Thanks
Problem 5-50 Amortization Schedule (LG5-9) Create the amortization schedule for a loan of $5,300, paid monthly over two years using an APR of 8 percent. Enter the data for the first three months. (Round your answers to 2 decimal places.) Month Beginning Balance Total Payment Interest Paid Principal Paid Ending Balance
i dont think those answers are correct and i am trying to find
the total interest
Question 5 (of 35) Save & Exit Submit Time remaining: 2.51:03 8.00 points Problem 5-55 Amortization with Equal Payments (LO 3] Prepare an amortization schedule for a three year loan of $81,00). The interest rate is 8 percent per year, and the loan cals for equal annual payments. How much total interest is paid over the life of the loan? (Leave no cells blank....
Cam you please hand write. please i need the answers
13) A loan of $5,600 with an interest rate of 14% compounded annually can be repaid in 3 equal annual payments of $2,412.10. Complete the amortization schedule for the loan Period Payment Interest Balance Unpaid reduction balance XXXXXXXXX 5600.00 XXXXXXX XXXXXXXX 2412.10 1 2 3 0.00
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