Outstanding Principal Component of Payment Interest Regular Payment Period Balance Component of Payment 1 10,000 21,547.08 78,452.92 C 54,751.13 31,547.08 31,547.08 5,475.11 26,071.97 28,679.16 4. 31,547.08 2,887.92 28,679.16 Totals A. How much is the amount of the loan? B. How much is the payment on the first period? C. For the second payment, how much goes to pay the interest? D. For the second payment, how much goes to pay the principal? E. How much is the outstanding balance after the 4 payment?
Outstanding Principal Component of Payment Interest Regular Payment Period Balance Component of Payment 1 10,000 21,547.08 78,452.92 C 54,751.13 31,547.08 31,547.08 5,475.11 26,071.97 28,679.16 4. 31,547.08 2,887.92 28,679.16 Totals A. How much is the amount of the loan? B. How much is the payment on the first period? C. For the second payment, how much goes to pay the interest? D. For the second payment, how much goes to pay the principal? E. How much is the outstanding balance after the 4 payment?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Solve the problem completely.
4. Study the amortization schedule and fill in the blanks. A loan amounting to ₱100,000 is to be paid annually for 4 years with an interest rate of 10% per annum. The annual amortization is ₱31,547.08 of payment.
Transcribed Image Text:Outstanding
Principal
Component of
Payment
Interest
Regular
Payment
Period
Balance
Component of
Payment
1
10,000
21,547.08
78,452.92
C
54,751.13
31,547.08
31,547.08
31,547.08
26,071.97
28,679.16
5,475.11
28,679.16
4
2,887.92
Totals
A. How much is the amount of the loan?
B. How much is the payment on the first period?
C. For the second payment, how much goes to pay the interest?
D. For the second payment, how much goes to pay the principal?
E. How much is the outstanding balance after the 4 payment?
O 2 3A
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