A debt of  5,000 dollars with interest at 12% compounded semi-annually is to be amortized by equal semi-annual payments over the next three years, the first due in six months. Find the semi-annual payment and construct an amortization schedule.

Q: A loan in the amount of $280,000, is contracted over a period of 25 years to finance the purchase of…

A: Here,

Q: loan is to be amortized by equal payments of P5,000 at the end of each six months for 10 years. If…

A: Using excel PV function to calculate the present value of loan

Q: A debt of P10,000 with interest at the rate of 20% compounded semiannually is to be amortized by 10…

A: A deferred annuity is the annuity plan under which payment is accumulated for a certain period and…

Q: the interest rate on 6400 loan is 10% componded semi annually. if the loan is to be repaid by…

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Q: Two debts, the first of $1300 due three months ago and the second of $2000 borrowed two years ago…

A: So you need to repay 2 debts in 1 payment. Let us break this down into 2 calculations. First DebtThe…

Q: A $300,000 house in Hamilton was purchased with a down payment of 20.00% of its value and a 20 year…

A: The amount of down payment = 20% x house value = 0.20 x 300,000= $60,000 Loan Amount = House value -…

Q: $10,000 is borrowed at 10% a year interest for five years. At the end of each year, the borrower…

A: Hence, payment made for year 1 is $3,000, year 2 is $2,400, year 3 is $1,920, year 4 is $1,536 and…

Q: A sinking fund is established to discharge a debt of $60,000 in 15 years. If deposits are made at…

A: using financial calculator, N =15*2 =30 I/Y = 4/2 =2 PV = 0 FV = -60000

Q: A debt of 15,000 with interest at the rate of 15% compounded semiannually is to be amortized by 3…

A: An amortisation schedule is prepared to present the outstanding debt balance, interest expense and…

Q: A loan is amortized over five years with monthly payments at a nominal interest rate of 12%…

A: Borrowings are the liability that is used to finance the requirement of the funds. The borrower…

Q: A loan of P12, 500 is to be repaid with equal quarterly payments for one year with an interest of 6%…

A: Amortization table is a schedule which shows periodic lease or loan payments. The periodic payment…

Q: A loan of 200000€ will be repaid with %12 nominal interest. convertible over 3 months. the debt is…

A: Loan Amount is 200,000 Nominal interest rate convertible over 3 months is 12% Time period is 72…

Q: A debt of $5000 with interest 5% compounded 6-monthly is amortized by equal annual semi payments…

A: Present value annuity @ 2.5% for 6 periods = 5.50813

Q: A debt is amortized for 4 years by a series of payments that decreases annually by ₱ 500, the first…

A: Answer: Year payment {(1+i)^n-1/i} Uniform payment 1 5000 1.00 5000.00 2 4500 2.05 9225.00…

Q: A sum of $80,000 is to be repaid over a 10-year period through equal installments made at the end of…

A: Interest, in finance and economics, is payment from a borrower or deposit-taking financial…

Q: Construct the amortization schedule for a $16000 debt that is to be amortized in 12 equal semiannual…

A: Debt  $            16,000.00 Semi annual payment 12 Interest rate semi annual 5.50%…

Q: A loan is amortized over 5 years with monthly payments at a nominal interest rate of 12% compounded…

A: First monthly payment (M) = 200 Monthly growth rate (g) = 1% Monthly interest rate (r) = 12%/12 = 1%…

Q: A loan is being repaid with 20 payments of 1500 at the end of each year. Interest is calculated at…

A: In the question above. With prospective method we will discount all the outstanding payments due on…

Q: A sinking fund is established to discharge a debt of $60,000 in 5 years. If deposits are made at the…

A: Sinking fund is an accumulated fund to pay-off the future debts or expenses. Firm deposit an annual…

Q: An obligation of P35, 000 is to be repaid with equal monthly payments for 6 months  with an interest…

A: As per time value of money concept, a sum of amount invested today will have more value in future…

Q: A fully amortizing mortgage loan is made for $60,000 at 6 percent interest for 20 years. Payments…

A: we will only answer the first three subparts , for the remining subparts kindly resubmit the…

Q: A debt of P10,000 with yearly interest of 24% is to be amortized over the next 6 years with the…

A: Debt paid in equal annual payment from year 1 to year 6. Amortization table used to display the…

Q: An amortization of a debt is in the form of a gradient series of $6,000 in the first year, $5,000 in…

A: When a debt is paid in series of instalments involving principal and interest is called…

Q: A loan, amortized over 7 years, is repaid by making payments of $1,600 at the end of every month. If…

A: Present value is the current value of the amount of money or cash flows that are expected in the…

Q: A sinking fund is established to discharge a debt of $80,000 in 20 years. If deposits are made at…

A: Working note:

Q: A $14,000 loan is to be amortized for 10 years with quarterly payments of $467.98. If the interest…

A: Given information: Loan amount $14,000 Number of years 10 Paying Quarterly $467.98 Interest rate is…

Q: Monthly payments are to be made against an $850,000 loan at 7.25% compounded annually with a 15-year…

A: Note: As per Bartleby guidelines, only the first 3 subparts can be solved. Please post any other…

Q: A loan of $10,000 is repaid by 20 level installments at the end of every 6 months. The nominal rate…

A: Loan refers to the amount borrowed which creates liability for fund receiver and level installments…

Q: Make an amortization schedule (which includes payments made, interest paid, principal repaid, and…

A: The question is based on the concept of Financial Accounting.

Q: A P15,000 loan at 12% compounded quarterly is to be amortized every 3 months for 12 years. Find the…

A: Here, To Find: Quarterly payment =? Construction of amortization schedule =?

Q: A sinking fund is established to discharge a debt of $80,000 in 5 years. If deposits are made at the…

A: The following formula will be used:

Q: A debt of P100,000 with interest at the rate of 18% compounded semi-annually is to be amortized by 5…

A: Given: Loan amount = P100,000 Interest rate = 18% compounded semi-annually Number of payments in…

Q: Prepare an amortization table for a debt of $46,000,000 contracted for a 9-month term at a nominal…

A: The amortization table provides information to the borrower and the lender about the amount due to…

Q: A loan of $92,800.00 is repaid by equal payments made at the end of every three months for 3 years.…

A: Installment is the amount paid to the loan giver in order to repay the loan in a set period of time.…

Q: Debts of $1,800 and $3,750 are due in one year and eighteen months from now, respectively.…

A: Amount due in 18 months is $3750 Amount due in one year is $1800 Replancement payment in 9 months is…

Q: A debt of $22,000 with interest of 10% compounded quarterly is to be amortized by  payments of…

A: Total installment amount includes the interest expense as well as a portion of the principal amount.…

Q: Monthly payments are to be made against an $850,000 loan at 7.25% compounded annually with a 15-…

A: An amortizing loan is a type of debt that requires regular monthly payments. Each month, a portion…

Q: Find the semi-annual payment of a P15,000 debt to be amorlized by 5 equal payments at the end of…

A: Solution:- Given, Loan amount = PV = P15,000 Number of payments = n = 5  Interest rate = i = 15%/2…

Q: $10,000 is borrowed at 10% a year interest for five years. At the end of each year, the borrower…

A: Computation:

Q: A debt of Php 10,000.00 with interest at the rate of 20% compounded semi-annually is to be amortized…

A: Accrued Interest-  Accrued interest refers to the interest which has not been paid but has already…

Q: A debt of P15,000.00 with an interest at the rate of 16% compounded semi-annually is to be amortized…

A: The present value is the value of the sum received at time 0 or the current period. It is the value…

Q: A debt of RM3,000 will mature in three years’ time. Assuming that the money is worth 14% compounded…

A: Present value used to state that the current value is worth more as compared to the same amount in…

Q: A debt of 8,800 with interest at 5% payable semi annually will be discharged by payment of 1,200 at…

A: The amortization schedule can be prepared as follows : Periods Beginning amount Payment  Interest…

Q: A $17,000 loan is to be amortized for 10 years with quarterly payments of $568.26. If the interest…

A: Loan amount = $ 17000 Period = 10 Years Number of quarterly payments = 10*4 = 40 Quarterly payment…

Q: A sum of $20,000 is borrowed at an interest rate of 8 percent on the unpaid balance compounded…

A: Biennial payment refers to making loan payment once in every two years. As interest is provided on…

Q: A loan of P 10,000 with 10% interest compounded semi-annually is to be amortized by semi-annual…

A: Loan (A0) = P10,000 Interest rate (r) = 10% compounded semi-annually = 10/2 = 5% Period (n) = 5…