what percentage of the outstanding principal does the company pay in interest each​ month?

Q: DO IT IN EXCEL, AND SHOW THE FORMULAS The company purchases a machine, its cost of $726,000 will be…

A: Present Value of annuity refers to the value of cash flows today of a series of equal cash flows or…

Q: niagara vineyards borrowed $75.000 to update their bottling equipment. they agreed to make payments…

A: It can be calculated using   =NPER(rate,pmt,pv,[fv],[type]) Rate The interest rate for the loan.…

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A: The sinking fund refers to the fund arrangement which is made to arrange future payments. In this…

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A: Formula for calculating the installment amount is: EMI formula = [P*r*(1+r)^n]/[(1+r)^n - 1]

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A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

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A: Hello. Since your question has multiple sub-parts, we will solve first three sub-parts for you. If…

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A: SOLUTION-   COMPUTATION FOR QUARTERLY INSTALLMENT AMOUNT - QUARTER  PV FACTOR 2% (8%/4)  (A)…

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A: Determine the Present value (P).

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A: Using excel PV function

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Q: Instructions: Solve the following problems using the formula above. AB PC Supplies obtains a P5M…

A: solution interest rate       =8% compounded semiannually semiannual interest rate              = 8/2…

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Q: A business loan of P1,000,000 is to be repaid in full after 5 years. What is the amount to be paid…

A: Ans. For calculating the amount to be repaid we need to prepare a schedule of interest that accrues…

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A: A loan amortization table is a schedule of payments including all the bifurcation of interest…

Q: A bakeshop obtains a loan of P500,000 with interest at 8% compounded quarterly for the construct of…

A:

Q: EnergyMax Engineering constructed a small office building for their firm 5 years ago. They financed…

A: Loan:- It is the mortgage that one takes from any financial institution and other institution and…

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A: The loans are paid by the monthly payments that are equal monthly payments these carry the payment…

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A: Hi! Thank you for the question, As per the honor code, we are allowed to answer one question at a…

Q: 1. A car costs Php 1,400,000. Suppose a man gives a down payment of Php 400,000 for the car, and…

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Q: how many months will it take to repay the debt if the annual interest rate on the credit card is…

A: Information Provided: PV of annuity = $7883.57 Monthly payment = $400 Interest rate = 19.6%

Amortized Loans

The term "amortization" refers to spreading the value of a loan or a debt over a series of regular payments or installments comprising of both the principal and interest amount. It generally involves the process where in the value of a loan or an intangible asset is written down over its maturity period.