The table below shows the amortization schedule for a $3000 debt, which is amortized in 3 equal quarterly payments at 2.8% interest per quarter. Fill in the blanks. (No need to show your calculations in this question)
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- Sharapovich Inc. borrowed $50,000 from Kerber Bank and signed a 5-year note payable stating the interest rate was 5% compounded annually. Sharapovich Inc. will make payments of $11,548.74 at the end of each year. Prepare an amortization table showing the principal and interest in each payment.PLEASE TYPE IT AND NOT HANDWRITTEN A debt of P350,000 is to be amortized by 6 equal semi-annual payments with interest at 6% compounded semi-annually. Find the periodic payment and construct an amortization schedule.A debt of 4,400 with interest at 2.5% payable semi-annualy or .0125, will be discharged by payments of 600.00 at the end of each 7 periods as long as necessary, with a final smaller payment 7 periods after the last 600 is paid due to COVID-19. 1. How much will be the Beginning Amount after the last period? 2. How much will be the final payment after the last period? 3. How much will be the interest after the last period? 4.Supply the necessary data on the Amortization Schedule found below.
- A debt of 4,400 with interest at 2.5% payable semi annually will be discharged by payment of 600 at the end of each 7 periods as long as necessary, with a final smaller payment of 7 periods after the last 600 is paid due to COVID19. How much will be the beginning amount after the last period? How much will be the final payment after the last period? How much will Be the interest after the last period? Give the amortization schedule containing the period, beginning amount, payment, interest, repayment and ending balance. Show the solution.. A debt of P3,500 is to be amortized by 6 equal semiannual payments with interest at 6%compounded semiannually. Find the periodic payment and construct on amortization schedule.1. Find the semi-annual payment of a P15,000 debt to be amortized by 5 equal payments at the end of each 6 months at a rate of 15% compounded semi-annually. The first payment is to commence 3 years after. a. P 5,300.75 b. P4,333.65 C. P 5.322.55 d. P4,200.11 2. Using the data in Problem no. 1, construct an amortization schedule showing the principal at the beginning of the year, the annual interest, annual payment and the principal repaid.
- Please do not use excel format in computation A debt of P25,000 was repaid in ten equal quarterly payments. If the rate of interest was 7% compounded quarterly, what was the size of each payment?The debt is amortized by the periodic payment shown. Compute (a) the number of payments required to amortize the debt; (b) the outstanding principal at the time indicated. Debt Principal Debt Payment Payment Interval Interest Rate Conversion Period Outstanding Principal After: $13,000 $1,493 6 months 6% monthly 8th paymentAn amortization of a debt is in a form of a gradient series of ₱5,000 on the first year, ₱4,500 on the second year, ₱4,000 on the third year, ₱3,500 on the fourth year. Determine future amount of the amortization if interest is 5%. Ans. ₱18,449.37
- Show your complete solution in a word file. A debt of P350,000 is to be amortized by 6 equal semi-annual payments with interest at 6% compounded semi-annually. Find the periodic payment and construct an amortization schedule.A debt of 8,800 with interest at 5% payable semi annually will be discharged by payment of 1,200 at the end of each 8 periods as long as necessary, with a final smaller payment of 8 periods after the last 1200 is paid due to COVID19. How much will be the beginning amount after the last period? How much will be the final payment after the last period? How much will ve the interest after the last period? Give the amortization schedule containing the period, beginning amount, payment, interest, repayment and ending balance. Show your solution, dont use excelA debt of $63 100.00 is repaid by payments of $4350.00 made at the end of every six months. Interest is 6.5% compounded quarterly.a) What is the number of payments needed to retire the debt?b) What is the cost of the debt for the first five years? c) What is the interest paid in the 11th payment?d) Construct a partial amortization schedule showing details of the first three payments, the last three payments, and totals.
