Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $100,000...
Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $180,000 for 3 years at 7% compounded annually Period Payment Interest Balance Reduction Unpaid Balance $180,000 1 $ $ $ $ 2 $ $ $ $ 3 $ $ $ $0.00
Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $100,000 for 3 years at 8% compounded annually Period Payment Interest Balance Reduction Unpaid Balance $100,000 4 4 $0.00 Need Help? Read It Talk to a Tutor 10. -11 points HarMathAp 126.5.025. A couple who borrow $50,000 for 20 years at 8.4%, compounded monthly, must make monthly payments of $430.75. (Round your answers to the nearest cent (a) Find their unpaid balance after 1 year...
Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $10,000 for 1 year at 12% compounded quarterly Period Payment Interest Balance Reduction Unpaid Balance $10,000 1 $ 2 $ 3 $ 4 $0.00
1. -15 points HarMathAp12 6.5.009 Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $80,000 for 3 years at 6% compounded annually Interest Balance Reduction Unpaid Balance PeriodPayment $80,000 2 $0.00
1. -15 points HarMathAp12 6.5.009 Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $80,000 for 3 years at 6% compounded annually Interest Balance Reduction Unpaid Balance PeriodPayment $80,000 2 $0.00
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Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $20,000 for 1 year at 12% compounded quarterly Balance Reduction Unpald Balance Perlod Payment Interest $20,000 1 $ $ 3 4 $0.00 Need Help? Read It Talk to a Tuter
1. + -/15 points HarMathAP12 6.5.011. Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $30,000 for 1 year at 12% compounded quarterly Period Payment Interest Balance Reduction Unpaid Balance $30,000 $0.00 Need Help? Read Talk to a Tutor
b.
Fill in the partial amortization schedule for the loan, rounding
your answers to two decimal places.
Holly received a loan of $36,000 at 3.5% compounded monthly. She had to make payments at the end of every month for a period of 5 years to settle the loan. a. Calculate the size of payments. 0.00 Round to the nearest cent Interest Principal Payment Principal Payment Portion Portion Balance Number $36,000.00 $0.00 $0.00 $0.00 $0.00 1 $0.00 $0.00 $0.00 $0.00 2...
Calculate the present value of the compound interest loan. (Round your answers to the nearest cent.) $22,000 after 8 years at 3% if the interest is compounded in the following ways. _________annually __________quarterly Find the effective rate of the compound interest rate or investment. (Round your answer to two decimal places.) 25% compounded monthly. [Note: This rate is a typical credit card interest rate, often stated as 2.1% per month.] ________% Since 2007, a particular fund returned 13.9% compounded monthly....
Determine the amount due on the compound interest loan. (Round your answers to the nearest cent.) $14,000 at 5% for 10 years if the interest is compounded in the following ways. (a) annually $ (b) quarterly $ Calculate the present value of the compound interest loan. (Round your answers to the nearest cent.) $29,000 after 7 years at 3% if the interest is compounded in the following ways. (a) annually $ (b) quarterly $
Amortization schedule a. set up an amortization schedule for a $23,000 loan to be repaid in equal installments at the end of each of the next 3 years. The interest rate is 8% compounded annually. Round all answers to the nearest cent Beginning Remaining ar Balance ay men Balance b. What percentage of the payment represents interest and what percentage represents principal for each of the 3 years? Round all answers to two decimal places % interest % Principal Year...