An obligation will be amortized by quarterly payments of P670 for 10 years, If interest is at 6% compounded quarterly, find: a, the present value of the loan; G.
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A: Outstanding payment is the balance amount of debt, left after a certain period. The outstanding…
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A: The amortization schedule gives information to the borrower and lender about the payment due and the…
Q: An obligation will be amortized by quarterly payments of P670 for 10 years, If interest is at 6%…
A: Quarterly payment (P) = P 670 Period = 10 Years Total number of quarterly payments = 10*4 = 40…
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A: A loan amortization table is the schedule of repayment of a loan it includes the bifurcation of…
Q: An obligation will be amortized by quarterly payments of P5,000 for 10 years. If interest is 6%…
A: The remaining liability can be computed as the present value of the remaining payments that are due…
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A: A loan is a debt amount borrowed by one person from another person at a predetermined financial…
Q: Determine the periodic payment. Then construct the amortization schedule.
A: As the loan is paid quarterly, the number of periods in a tensure of 1.5 years or 18 months = 18/3 =…
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A: Step 1 An equated monthly installment (EMI) is a fixed monthly payment paid by a borrower to a…
Q: A P15,000 loan at 6% compounded semi- annually is to be amortized in 6 months. Find the monthly…
A: monthly rate = (1 + 6%/12)1/6 -1 = 0.49386% N = 6 FV = 0 PV = 15,000 use PMT function in Excel…
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A: Present Value of Ordinary Annuity refers to the concept which gives out the discounted or today's…
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A: Amortization means paying the debt over the period through regular payments. Amortization schedule…
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A: Loan is the value which is borrowed from the other sources like banks. Repayment of loan made in…
Q: A $17000 loan is to repaid by monthly payments of $390, the first payment is due in one year's time.…
A: given, pv = $17000 pmt = $390 r=10% m=12
Q: Find the equivalent annual payment of the following obligations at 20% interest. End of Year…
A: Annual interest rate = 20% Calculation of present value Year Cash flow PVF(20%,Year) Present…
Q: A $13,000 loan is to be amortized for 10 years with quarterly payments of $414.98. If the interest…
A:
Q: A loan of L is being amortized with payments at the end of each year for 10 years. If v = 22/30,…
A: Loan Repayment: A lump-sum payment that is made in conjunction with a loan, mortgage, or commercial…
Q: A loan of $11,300 is to be amortized with quarterly payments over 6 years. If the interest on the…
A: Time value of money is the concept where the value of money today is higher than the value of money…
Q: Prepare an amortization schedule for a three year loan of P90,000. The interest rate is 10% per…
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A: The figure is shown below for considering the time period:
Q: A loan of P40,000.00, with interest at 6% payable semiannually is to be amortized by equal payments…
A: Loan (X) = P 40000 r = 6% per annum = 3% semiannually n = 5 years = 10 payments Let periodic payment…
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A: It is a compound interest gic. Hence, compounding effect will be there as same as future value of…
Q: Draw up an amortisation schedule for a loan of R4 000 for two years at 13% per annum compounded…
A: Firstly we need to calculate the size of quarterly payment by using PMT function in excel. The…
Q: Directions: Solve the following problems. A loan of P40,000is to be amortized by equal payments at…
A: Given Information :Amount of loan = P 40,000 Period of loan = 18 months = 1.5 years Annual interest…
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A: Annual percentage rate (APR) refers to the annual cost of funds borrowed.
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Q: . Find the equivalent interest rate per payment interval j, present value P and amount F. 1.…
A: The equivalent interest rate formula will be: Equivalent rate = New compounding period ×1 + RateOld…
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A: For loan amortization, we can use the following formula PMT =(PV*i)/[1-1/(1+i)n] Where PMT =…
Q: A $19,000 loan is to be amortized for 10 years with quarterly payments of $606.51. If the interest…
A: Amortization is referred to as decreasing or writing down the value of intangible assets or loans.…
Q: An obligation will be amortized by quarterly payments of P670 for 10 years. If interest is at 6%…
A: Let the obligation = L Quarterly payment = Q = P 670 n = 10 years = 40 quarters r = 6% per annum =…
Q: If the interest rate is 13% compunded semi-annually made on the account, and the obligations are…
A: Given Information: Interest rate - 13% compounded semi-annually Deposit - P13,521 Withdrawal -…
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A: Here, To Find: Quarterly payment =? Construction of amortization schedule =?
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Q: A loan is to be amortized by equal payments of P500.00 each at the end of every six months for ten…
A: solution given Interest rate 7% compounded semiannually Equal payments 500 Number of…
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A: Using the PMT function in excel
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A: Given: Loan = 350,000 Years = 1 Interest rate=10%
Q: A N$1000 loan is repaid by annual payments of N$150, plus a smaller final payment. The first payment…
A: solution : given loan amount =$1000 interest rate =10% payment at end of each year…
Q: An obligation of P25,000 with interest of 5% compounded semi-annually must be paid at the end of…
A: Compounding semi-annually means the compounding period is of 6 month. In this amount of principal…
Q: A debt of Php 10,000.00 with interest at the rate of 20% compounded semi-annually is to be amortized…
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Q: A loan of P95000 is borrowed for 240 days at a simple interest rate of 12.3 percent per year. What…
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A: Amortization means a loan is written down over a period of time so that the instalment payments will…
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- If Bergen Air Systems takes out a $100,000 loan, with eight equal principal payments due over the next eight years, how much will be accounted for as a current portion of a noncurrent note payable each year?An obligation will be amortized by quarterly payments of P670 for 10 years. If interest is at 6% compounded quarterly, find: the present value of the loan; the outstanding principal after 7 years; the remaining liability just after the 30th payment; how much of the 20th payment is interest, and how much goes to principal?An obligation will be amortized by quarterly payments of P5,000 for 10 years. If interest is 6% compounded quarterly, find: a. the present value of the loan b. the outstanding principal after 7 years
- An obligation will be amortized by quarterly payments of P5,000 for 10 years. If interest is 6% compounded quarterly, find: c. the remaining liability just after the 15th payment d. how much of the 15th payment interests, and how much goes to the principal?A loan is to be amortized by equal payments of P5,000 at the end of each six months for 10 years. If the interest is based on 7% compounded semiannually, find: a. the present value of the loan b. The outstanding principal just after the 8 th payment; and c. The remaining liability after 8 years.A loan of $10200 is to be amortized with quarterly payments over five years. The interest on the loan is 7.5% per year, paid on the unpaid balance. What is the portion paid towards interest of the 17th payment?
- If the interest rate is 13% compunded semi-annually made on the account, and the obligations are given below: Deposit of P13,521 at the end of 3 and a half years. Withdrawal of P20,812 at the end of 5 years. Semi-annual deposit of a perpetuity of P1,200 starting at the end of 6 and a half years. Determine the following: a.) Present value of all the obligations made on the account. b.) Additional amount of withdrawal at the end of 5 years to balance the cash flows. NOTE: DO NOT USE EXCELA debt of P10,000 with interest at the rate of 20% compounded semiannually is to be amortized by 10 equal payments at the end of each month, the first payment is to be made after 1 years. Find the monthly payment and construct an amortization schedule.A $13,000 loan is to be amortized for 10 years with quarterly payments of $414.98. If the interestrate is 5%, compounded quarterly, what is the unpaid balance immediately after the sixthpayment? (Round your answer to the nearest cent.)