2 Name: KhanGhulam III II || 3 Amortization Schedule 4 Instruction: Develop and amortization table for the payment of a loan on a house. Payments are monthly for 10 years. Loan on the house is $179,000. PMT formula Interest is 5.3% annual. PV formula Payment: 10 11 Рayment Amount Payment Payment Beginning Balance Toward Toward Ending 12 Number Month Balance Principal Interest Apr-02 May-02 13 1 179,000.00 14 2 15 16 4 17 18 6 19 56 7 8 9은
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- Please give me the correct answer and solution pls. 10. The current assets of Domino's Gift shop by month for the last year are P500, P400, P300, P400, P500, P550, P600, P650, P700, P800, P950, P1,100. The amount of permanent current assets is a. 500 b. 400 c. 300 d. 1,100Bought delivery van P850,000 terms 20% down and the balance payable in oneyear. Required: 1. Record the transaction in the general journal.SOLVE STEP BY STEP IN DIGITAL FORMAT 5.28 Find the amount of 18 payments that the anesthetist Joaquín Murillo must make at the beginning of each bimonthly period, if the amount he deposits bimonthly is $1,985. The interest is 15% per year, compounded bimonthly.
- 39 Identify the correct formula to calculate the payment for a loan, where the rate is 6%, the loan amount is $2,000, and payments will be made monthly for six years. =PMT(6,6*12,2000) =PMT(.06/12,6*12,-2000) once=1/1b1435-b60f-40fb-ad57-d89084c2075a&launchCode=qe8mtdEeV5pWjPP2nq... =PMT(.06,6*12,-2000) =PMT(.06,6*12,2000)Question 1Mr. and Mrs. Haddad have contributed $2025.00 per six months for the last eighteen years into RRSP accounts earning 6.92 % compounded semi - annually. a) How much will Mr. and Mrs. Haddad have in total in their RRSP accounts? b) How much did the Haddad's contribute? c) How much will be interest? PMT = $IY = CY = i = n = Total in RRSP account $Total Contibution =$ Interest =$ Blank 1: Blank 2: Blank 3: Blank 4: Blank 5: Blank 6: Blank 7: Blank 8:A6 Question content area top Part 1 If you save $1,200 at the beginning of every year for ten years, for how long can you withdraw $1,980 at the beginning of each year starting ten years from now, assuming that interest is 9% compounded annually? State your answer in years and months (from 0 to 11 months). You can withdraw $1,980 for ------year(s) and -----month(s). type whole number
- Item5 10points eBook Print References Check my workCheck My Work button is now enabled3 Item 5 On January 1, 2021, The Barrett Company purchased merchandise from a supplier. Payment was a noninterest-bearing note requiring five annual payments of $22,000 on each December 31 beginning on December 31, 2021, and a lump-sum payment of $120,000 on December 31, 2025. A 12% interest rate properly reflects the time value of money in this situation. ((FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)Required:Calculate the amount at which Barrett should record the note payable and corresponding merchandise purchased on January 1, 2021. (Round your final answer to nearest whole dollar amount.)Bob Jones bought a new log cabin for $63,000 at 10% interest for 30 years. Prepare an amortization schedule for the first three periods. (Use Table 15.1). (Do not round intermediate calculations. Round your final answer to the nearest cent.) Payment number: 1. Portion to-- interest: ?? principle:??, Balance of loan outstanding: ?? 2. Portion to-- interest: ?? principle:??, Balance of loan outstanding: ?? 3. Portion to-- interest: ?? principle:??, Balance of loan outstanding: ??Currem Attempt in Progress Natalie is thinking of reporying all amosts outstanding to her grandmother. Fecall that Cookie Creakions borrowed $2,000 on Nowtmber 16, 2019, from Natalie's grandmother. Interest on the note is 6% per year, and the note plus interest was to be repaid in 2 mentris. Recal that a monthy adjusting joumal entry was prepared for the months of November 2019 (1/2 menth ), Dectember 2019 and January 2020. Calculate the interest payable that was accrued and recorded to July 31, 2020, assuming monthly adjusting entries were made.Interest payable = $________ correct answer is $ 85
- 37-On 1st July 2020 Bashir purchase a machine for RO 15,000. The terms of purchase was 20% cash and the balance to be paid in monthly instalments of RO 500. What amount of the loan will be disclosed under current liabilities in the balance sheet on 31 Dec 2020? a. RO 7,000 b. RO 6,000 c. RO 5,000 d. RO 3,000eBook Question Content Area Time Value of Money Concept The following situations involve the application of the time value of money concept. Use the full factor when calculating your results. Use the appropriate present or future value table: FV of $1, PV of $1, FV of Annuity of $1 and PV of Annuity of $1 1. Janelle Carter deposited $9,840 in the bank on January 1, 2000, at an interest rate of 10% compounded annually. How much has accumulated in the account by January 1, 2017? Round to the nearest whole dollar. 2. Lee Spony made a deposit in the bank on January 1, 2010. The bank pays interest at the rate of 10% compounded annually. On January 1, 2017, the deposit has accumulated to $13,120. How much money did Lee originally deposit on January1, 2010? Round to the nearest whole dollar.7 1 A 02 Ready B X Given: FONT Round to the nearest cent a. What was the principal portion of payment number 4? 50.00 Ass.11#2 37°F Partly sunny Caitlin purchased a machine for $25,000 for her company. She paid 5.00% of this amount as a down payment and financed the rest at 4.02% compounded quarterly. She paid $1,125 at the end of every quarter to settle the loan. F G b. What was the interest portion of payment number 4? Ass.11#1 page 570 #8 Alignment page 570 #10 Q Search + page 570 # 14 Number page 586 #2 K page 587 #8 ann M