REGULAR PAYMENT OF SIMPLE ORDINARY ANNUITYEva obtained a loan fee of Php50,000 for the tuition of her son. She has to repay the loan by equal payment at the end of every six months for 3 years at 10% interest compounded semi-annually. Find the periodic payment. THE AMORTIZATION SCHEDULEAmountInterestat 10%Periodicrepaidto theOutstandingprincipal atthe end ofpaymentdue atat theend ofprincipalPERIODthe endat theofevery 6every 6monthsend of(A)|every 6monthsmonthsevery 6months(E)(B)(C)(D)146ТОTAL1. Complete the amortization table 1. Complete the amortization table2.The amortization schedule can be preparedas followsPROCEDUREA. Calculate the periodic payment.Complete Column B with this periodicpaymentB. To fill up Column C, Calculate interestusing the formula: T= PRTC. To fill up Column D, subtract Column Cfrom Column BD. To fill up Column E, from Column Esubtract Column D.

Loan amortization refers to a schedule which is prepared to shows the periodic loan payments, amount…

THE AMORTIZATION SCHEDULE Amount repaid Interest at 10% due at Periodic payment Outstanding principal at to the at the principal PERIOD the end the end of end of at the of every 6 end of every 6 months (A) every 6 months months every 6 months (E) (B) (C) (D) 1 2 3 4 5 TOTAL 1. Complete the amortization table

THE AMORTIZATION SCHEDULE Amount repaid Interest at 10% due at Periodic payment Outstanding principal at to the at the principal PERIOD the end the end of end of at the of every 6 end of every 6 months (A) every 6 months months every 6 months (E) (B) (C) (D) 1 2 3 4 5 TOTAL 1. Complete the amortization table

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter19: Accounting For Post Retirement Benefits

Section: Chapter Questions

Problem 14E: Refer to the information provided in E19-13. Required: Using the years-of-future-service method,...

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