Outstanding Regular Payment Principal Component of Payment Period Interest Balance Component of Payment A 10,000 21,547.08 78,452.92 54,751.13 28,679.16 C 31,547.08 31,547.08 31,547.08 5,475.11 2,887.92 26,071.97 4. 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? 23
Outstanding Regular Payment Principal Component of Payment Period Interest Balance Component of Payment A 10,000 21,547.08 78,452.92 54,751.13 28,679.16 C 31,547.08 31,547.08 31,547.08 5,475.11 2,887.92 26,071.97 4. 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? 23
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter11: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 11.18E
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Question
Solve for the following problems completely with solution.
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.
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