What is the situation that best describes the following amortization schedule?Payment # Amount Paid Interest Portion Principal Portion Principal Balance12,000.0013,132.39210.002,922.399,077.6123,132.39158.862,973.536,104.083,132.39106.823,025.573,078.5143,132.3853.873,078.510.00Total12,529.55529.5512,000.00a. Reuben received a loan of $12,000 from a bank to purchase office supplies. He obtained the loan at an interest rateof 7% compounded quarterly for 1 year. Calculate the size of her end-of-quarter payments and construct anamortization schedule for his loan.b. Fabrizio received a loan of $12,000 from a bank to purchase office supplies. He obtained the loan at an interest rateof 70% compounded quarterly for 1 year. Calculate the size of her end-of-quarter payments and construct anamortization schedule for his loan.C. Reuben received a loan of $12,000 froma bank to purchase office supplies. He obtained the loan at an interest rateof 7% compounded every six months for 2 years. Calculate the size of her end-of-quarter payments and construct anamortization schedule for his loan.d. Reuben received a loan of $12,000 from a bank to purchase office supplies. He obtained the loan at an interest rateof 9% compounded quarterly for 1 year. Calculate the size of her end-of-quarter payments and construct anamortization schedule for his loan.3.

From the above table the opening principal balance is 12,000. Thus we can say that the amount of…

What is the situation that best describes the following amortization schedule? Payment # Amount Paid Interest Portion Principal Portion Principal Balance 12,000.00 1 3,132.39 210.00 2,922.39 9,077.61 2 3,132.39 158.86 2,973.53 6,104.08 3. 3,132.39 106.82 3,025.57 3,078.51 3,132.38 53.87 3,078.51 0.00 Total 12,529.55 529.55 12,000.00

What is the situation that best describes the following amortization schedule? Payment # Amount Paid Interest Portion Principal Portion Principal Balance 12,000.00 1 3,132.39 210.00 2,922.39 9,077.61 2 3,132.39 158.86 2,973.53 6,104.08 3. 3,132.39 106.82 3,025.57 3,078.51 3,132.38 53.87 3,078.51 0.00 Total 12,529.55 529.55 12,000.00

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

ChapterM: Time Value Of Money Module

Section: Chapter Questions

Problem 10P: Comprehensive Part a. Reproduced in the following table are the first three lines from the 2%...

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