Calculate the principal and interest portons of the specified payment for this ordinary annuty, and give the balance temainng allel al payR For full marks your answer should be rounded to the nearest cent Balance Payment Frequency Term Number to Find 4. Payment Payment Loan Principal Interest Principal Interest Paid Paid After Payment 0.00 0.00 0.00 $45,000.00 3.50 % compounded quarterly $3,250.97 Semi-annual 8 years

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter4: Time Value Of Money
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Calculate the principal and interest portions of the specified payment for this ordinary annuty, and give the balance remaining after that payment
For full marks your answer should be rounded to the nearest cont
Payment
Principal Interest
Balance
Payment
Frequency Term Number to Find
Interest
Payment
Loan
Principal
Paid
Paid
After Payment
4.
0.00
0.00
0.00
$45,000.00 3.50 % compounded quarterly $3,250.97 Semi-annual 8 years
Transcribed Image Text:Calculate the principal and interest portions of the specified payment for this ordinary annuty, and give the balance remaining after that payment For full marks your answer should be rounded to the nearest cont Payment Principal Interest Balance Payment Frequency Term Number to Find Interest Payment Loan Principal Paid Paid After Payment 4. 0.00 0.00 0.00 $45,000.00 3.50 % compounded quarterly $3,250.97 Semi-annual 8 years
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