The debt is amortized by equal payments made at the end of each payment interval. Compute...
The debt is amortized by equal payments made at the
end of each payment interval. Compute (a) the size of the
periodic payments; (b) the outstanding principal at the time
indicated; (c) the interest paid by the payment following the time
indicated; and (d) the principal repaid by the payment following
the time indicated for finding the outstanding principal.
Debt Principal
Repayment Period
Payment Interval
Interest Rate
Conversion Period
Outstanding Principal After:
$15,000
6
years
1 month
6%
monthly
6th
payment
(a) The size of the periodic payment is
$
nothing.
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
(b) The outstanding principal after the
6th
payment is
$
nothing.
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
(c) The interest paid by the
7th
payment is
$
nothing.
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
(d) The principal repaid by the
7th
payment is
$
nothing.
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Homework Answers
Add Answer to:
The debt is amortized by equal payments made at the
end of each payment interval. Compute...
The debt is amortized by equal payments made at the end of each payment interval. Compute...
The debt is amortized by equal payments made at the end of each payment interval. Compute (a) the size of the periodic payments; (b) the outstanding principal at the time indicated; (c) the interest paid by the payment following the time indicated; and (d) the principal repaid by the payment following the time indicated for finding the outstanding principal. Debt Principal Repayment Period Payment Interval Interest Rate Conversion Period Outstanding Principal After: $14,000 6 years 6 months 10% semi-annually 7th...
The debt is amortized by equal payments made at the end of each payment interval Compute(a)...
The debt is amortized by equal payments made at the end of each payment interval Compute(a) the stre of the periodic payments) the outstanding principal at the time indicated; (c) the interest paid by the payment following the time indicated and (d) the principal repaid by the payment following the time indicated for finding the outstanding principal Debt Principal Repayment Payment Conversion Period Interest Rate Outstanding Interval Period Principal After $13,000 5 years 3 months quarterly 8th payment (a) The...
The debt is amortized by the periodic payment shown. Compute (a) the number of payments required...
The debt is amortized by the periodic payment shown. Compute (a) the number of payments required to amortize the debt; (b) the outstanding principal at the time indicated. Debt Principal $12000 Debt Payment $ 1057 Payment Interval 6 months Interest Rate 3% Conversion Period -semi annually Outstanding Principal After: 8th payment (a) The number of payments required to amortize the debt is nothing. (Round the final answer up to the nearest whole number. Round all intermediate values to six...
The debt is amortized by the periodic payment shown Compute (a) the number of payments required...
The debt is amortized by the periodic payment shown Compute (a) the number of payments required to amortize the debt; (b) the outstanding principal at the time indicated Debt Debt Payment Conversion Outstanding Principal Payment Interval Interest Rate Period Principal After: $17.000 $1329 6 months 6% semi-annually 8th payment (@) The number of payments required to amortize the debt is I (Round the final answer up to the nearest whole number Round all intermediate values to six decimal places as...
The debt is amortized by equal payments made at the end of each payment interval. Compute...
The debt is amortized by equal payments made at the end of each payment interval. Compute (a) the size of the periodic payments; (b) the outstanding principal at the time indicated; (c) the interest paid by the payment following the time indicated for finding the outstanding principal; and (d) the principal repaid by the same payment as in part c. Debt Principal Repayment Period Payment Interval Interest Rate Conversion Period Outstanding Principal After: $12,000.00 7 years 1 month 9% quarterly...
help me plzz ind 9% The debt is amortized by the periodic payment shown. Compute (a)...
help me plzz
ind 9% The debt is amortized by the periodic payment shown. Compute (a) the number of payments required to amortize the debt; (b) the outstanding principal at the time indicated. Payment Conversion Outstanding Debt Principal Debt Payment Interval Interest Rate Period Principal After: $15,000 $1483 1 month monthly 8th payment (a) The number of payments required to amortize the debt is (Round the final answer up to the nearest whole number. Round all intermediate values to six...
For the sinking fund below, compute (a) the size of the periodic payment and (b) the...
For the sinking fund below, compute (a) the size of the periodic payment and (b) the accumulated balance at the time indicated. Amount of Sinking Fund Payment Interval Payments Made At: Term Interest Rate Conversion Period Accumulated Balance After $7,000 3 months end 9 years 10% quarterly payment 23 (a) The size of the periodic payment is $ nothing. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b)...
Help me Asap!! Pllzzz For the sinking fund below, compute (a) the size of the periodic...
Help me Asap!! Pllzzz
For the sinking fund below, compute (a) the size of the periodic payment and (b) the accumulated balance at the time indicated. Amount of Payment Payments Conversion Term Interest Rate Accumulated Sinking Fund Interval Made At: Period Balance After $9,000 1 month end 5 years 6% monthly payment 42 (a) The size of the periodic payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places...
A $130,000 mortgage amortized by monthly payments over 20 years is renewable after five years (a)...
A $130,000 mortgage amortized by monthly payments over 20 years is renewable after five years (a) If interest is 5.22% compounded annually, what is the size of each monthly payment? (b) Find the total interest paid during the first year. (c) Compute the interest included in the 26th payment. (d) If the mortgage is renewed after five years at 4.10% compounded annually, what is the size of the monthly payment for the renewal period? (0) Construct a partial amortization schedule...
Harlan made equal payments at the end of each month into his RRSP. If interest in...
Harlan made equal payments at the end of each month into his RRSP. If interest in his account is 7% compounded semi-annually, and the balance after twelve years is $13,000, what is the size of the monthly payment? The size of the monthly payment is $7. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
The debt is amortized by equal payments made at the end of each payment interval Compute(a) the stre of the periodic payments) the outstanding principal at the time indicated; (c) the interest paid by the payment following the time indicated and (d) the principal repaid by the payment following the time indicated for finding the outstanding principal Debt Principal Repayment Payment Conversion Period Interest Rate Outstanding Interval Period Principal After $13,000 5 years 3 months quarterly 8th payment (a) The...
The debt is amortized by the periodic payment shown Compute (a) the number of payments required to amortize the debt; (b) the outstanding principal at the time indicated Debt Debt Payment Conversion Outstanding Principal Payment Interval Interest Rate Period Principal After: $17.000 $1329 6 months 6% semi-annually 8th payment (@) The number of payments required to amortize the debt is I (Round the final answer up to the nearest whole number Round all intermediate values to six decimal places as...
help me plzz
ind 9% The debt is amortized by the periodic payment shown. Compute (a) the number of payments required to amortize the debt; (b) the outstanding principal at the time indicated. Payment Conversion Outstanding Debt Principal Debt Payment Interval Interest Rate Period Principal After: $15,000 $1483 1 month monthly 8th payment (a) The number of payments required to amortize the debt is (Round the final answer up to the nearest whole number. Round all intermediate values to six...
Help me Asap!! Pllzzz
For the sinking fund below, compute (a) the size of the periodic payment and (b) the accumulated balance at the time indicated. Amount of Payment Payments Conversion Term Interest Rate Accumulated Sinking Fund Interval Made At: Period Balance After $9,000 1 month end 5 years 6% monthly payment 42 (a) The size of the periodic payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places...
A $130,000 mortgage amortized by monthly payments over 20 years is renewable after five years (a) If interest is 5.22% compounded annually, what is the size of each monthly payment? (b) Find the total interest paid during the first year. (c) Compute the interest included in the 26th payment. (d) If the mortgage is renewed after five years at 4.10% compounded annually, what is the size of the monthly payment for the renewal period? (0) Construct a partial amortization schedule...
Harlan made equal payments at the end of each month into his RRSP. If interest in his account is 7% compounded semi-annually, and the balance after twelve years is $13,000, what is the size of the monthly payment? The size of the monthly payment is $7. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Most questions answered within 3 hours.
-
Your system is rejecting the question am asking which is
preceded by a case study. It...
asked 1 minute from now -
A member of the volleyball team spikes the ball. During this
process, she changes the velocity...
asked 2 minutes ago -
Are adult gamers less likely to use a gaming console (Xbox,
PlayStation, Wii, etc...) than teen...
asked 55 minutes ago -
The University of
Texas recently reported that 43% of college students aged 18-24
would spend their...
asked 1 hour ago -
The length of stay at a specific emergency department in
Phoenix, Arizona, in 2009 had a...
asked 22 minutes ago -
. Please give the mechanism for this type of problem. Step by
Step
The toxin that...
asked 26 minutes ago -
If you have a 1M stock solution and you want to dilute 1 :10
with water,...
asked 28 minutes ago -
In a load instruction, the effective address is obtained by
A) Retriving the address from a...
asked 28 minutes ago -
Use the following information to answer this question.
Windswept, Inc. 2017 Income Statement ($ in millions)...
asked 29 minutes ago -
A mutual fund salesperson has arranged to call on four people
tomorrow. Based on past experience...
asked 1 hour ago -
Let the RV Y has the pdf
f ( y ) = 6 y ( 1...
asked 1 hour ago -
Question 12
Where should a copy of a private key should be placed so it is...
asked 31 minutes ago