Please don'r provide handwritten solution.... A debt of $17,500 is repaid by payments of $2850 made at the end of each year. Interest is 8%compounded semi-annually. Complete parts (a) though (d) below.(a) How many payments are needed to repay the debt?The number of payments is 9(Round up to the nearest whole number.)(b) What is the cost of the debt for the first three years?The cost of the debt for the first three years is $ 3,926.43(Round to the nearest cent as needed.)(c) What is the principal repaid in the fifth year?The amount of the principal repaid in the fifth year is $(Round to the nearest cent as needed.)SIN

Debt is a source of capital that the company borrows from financial institutions or the general…

Answered: A debt of $17,500 is repaid by payments…

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter4: Time Value Of Money

Section4.17: Amortized Loans

Problem 1ST

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A debt of $17,500 is repaid by payments of $2850 made at the end of each year. Interest is 8% compounded semi-annually. Complete parts (a) though (d) below. (a) How many payments are needed to repay the debt? The number of payments is (Round up to the nearest whole number.)
3) the end of each year. Interest is 7% compounded semi-annually. A debt of $42 500.00 is repaid by payments of $4850.00 made at 3) a) How many payments are needed to repay the debt? b) What is the cost of the debt for the first three years? c) What is the principal repaid in the 3rd year? d) Construct an amortization schedule showing details of the first three payments, the last three payments, and totals.
A debt of $33,000 is repaid over 13 years with payments occurring monthly. Interest is 10% compounded semi-annually. (a) What is the size of the periodic payment? (b) What is the outstanding principal after payment 81? (c) What is the interest paid on payment 82? (d) How much principal is repaid in payment 82? (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 as needed.) (b) The outstanding principal is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (c) The interest paid is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (d) The principal repaid is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
A loan of $6,000 is repaid by payments of $544 at the end of every three months. Interest is 7% compounded quarterly. (a) How many payments are required to repay the debt? (b) What is the size of the final payment? (a) The number of payments is (Round up to the nearest whole number.) (b) The size of the final payment is S (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
A debt of $28,400 is repaid by payments of $2,980 made at the end of every six months. Interest is 5.43% compounded quarterly. (a) What is the number of payments needed to retire the debt? (b) What is the cost of the debt for the first four years? (e) What is the interest paid in the eighth payment period? (d) Construct a partial amortization schedule showing details of the first three payments, the last three payments, and totals. (a) The number of the semi-annual payments is 12. (Round the final answer up to the nearest whole number. Round all intormediato values to six decimal places as needed.) (b) The cost of the debt for the first four years is $ (Round the final answer to the noarest cent as needed. Round all intermediate values to six decimal places os needed.)
3) the end of each year. Interest is 7% compounded semi-annually. A debt of $42 500.00 is repaid by payments of $4850.00 made at 3) a) How many payments are needed to repay the debt? b) What is the cost of the debt for the first three years? c) What is the principal repaid in the 3rd year?
A debt of $63 100.00 is repaid by payments of $4350.00 made at the end of every six months. Interest is 6.5% compounded quarterly.a) What is the number of payments needed to retire the debt?b) What is the cost of the debt for the first five years? c) What is the interest paid in the 11th payment?d) Construct a partial amortization schedule showing details of the first three payments, the last three payments, and totals.
A loan of $12,000 is repaid by payments of $571 at the end of every three months. Interest is 9% compounded quarterly (a) How many payments are required to repay the debt? (b) What is the size of the final payment?
A debt of $31,000 is repaid over 8 years with payments occurring semi-annually. Interest is 4% compounded quarterly. (a) What is the size of the periodic payment? (b) What is the outstanding principal after payment 7? (c) What is the interest paid on payment 8? (d) How much principal is repaid in payment 8? (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 as needed.)
A loan of $ 1,000 is being paid with annuities of $ 80 at an interest rate of 5. One year after the loan is actually paid, if after 7 payments it is agreed that the rest of the debt will be covered with two One-time equal payments at the end of year 9 and 11. How much are these payments so that the debt is paid off entirely?
A debt of $1908 with interest at 6.3% compounded annually is to be repaid by equal payments at the end of each year for 4 years. What is the balance remaining (BAL) after the second payment? What is the principal repaid (PRN) in the second payment? What is the interest paid (INT) in the second payment?
A debt of $42,000 is repaid over 10 years with payments occurring semi-annually. Interest is 3% compounded quarterly (a) What is the size of the periodic payment? (b) What is the outstanding principal after payment 7? (c) What is the interest paid on payment 8? (d) How much principal is repaid in payment 8? CCEED (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 as needed.)

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