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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.Halep Inc. borrowed $30,000 from Davis Bank and signed a 4-year note payable stating the interest rate was 4% compounded annually. Halep Inc. will make payments of $8,264.70 at the end of each year. Prepare an amortization table showing the principal and interest in each payment.a. Complete an amortization schedule for a $33,000 loan to be repaid in equal installments at the end of each of the next three years. The interest rate is 9% compounded annually. Round all answers to the nearest cent BeginningRepaymentEndingYearBalancePayment nterestof Principal Balance 1$ fill in the blank 2$ fill in the blank 3$ fill in the blank 4$ fill in the blank 5$ fill in the blank 62$ fill in the blank 7$ fill in the blank 8$ fill in the blank 9$ fill in the blank 10$ fill in the blank 113$ fill in the blank 12$ fill in the blank 13$ fill in the blank 14$ fill in the blank 15$ fill in the blank 16b. What percentage of the payment represents interest and what percentage represents principal for each of the three years? Round all answers to two decimal places.% Interest % Principal Year 1:fill in the blank 17% fill in the blank 18% Year 2:fill in the blank 19% fill in the blank 20% Year 3:fill in the blank 21% fill in the blank 22%c. Why do these percentages change over…
- A debt of 15,000 with interest at the rate of 15% compounded semiannually is to be amortized by 3 equal payments at the end of each 6 months, the first payment is to be made after 1 year. Find the semiannual payment and construct an amortization schedule tabulation. Find the semiannual payment. Total amount of interest from 1st to 4th period.a. Complete an amortization schedule for a $12,000 loan to be repaid in equal installments at the end of each of the next three years. The interest rate is 11% compounded annually. If an amount is zero, enter "0". Do not round intermediate calculations. Round your answers to the nearest cent. Beginning Repayment Ending Year Balance Payment Interest of Principal Balance $4 b. What percentage of the payment represents interest and what percentage represents principal for each of the three years? Do not round intermediate calculations. Round your answers to two decimal places. % Interest % Principal Year 1: % Year 2: % Year 3: % % %24 %24 %24 %24 3.Company A borrows $2,000,000 from Bank at 12% interest to be paid at the end of each year for 15 years. Find for the annual total payments under (a) equal annual amortization and (b) equal principal payment methods if a 3-year grace period is charged on both principal and interest. Construct a complete amortization schedule for each scheme. Year Outstanding Balance Principal Payment Interest Payment Total Payment 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
- Complete an amortization schedule for a $16,000 loan to be repaid in equal installments at the end of each of the next three years. The interest rate is 11% compounded annually. If an amount is zero, enter "0". Do not round intermediate calculations. Round your answers to the nearest cent. Beginning Repayment Ending Year Balance Payment Interest of Principal Balance 1 $ $ $ $ $ 2 3 What percentage of the payment represents interest and what percentage represents principal for each of the three years? Do not round intermediate calculations. Round your answers to two decimal places. % Interest % Principal Year 1: % % Year 2: % % Year 3: % % Why do these percentages change over time? These percentages change over time because even though the total payment is constant the amount of interest paid each year is declining as the remaining or outstanding balance declines. These…Complete an amortization schedule for a $48,000 loan to be repaid in equal installments at the end of each of the next three years. The interest rate is 11% compounded annually. If an amount is zero, enter "0". Do not round intermediate calculations. Round your answers to the nearest cent. Beginning Repayment Ending Year Balance Payment Interest of Principal Balance 1 $ $ $ $ $ 2 3 What percentage of the payment represents interest and what percentage represents principal for each of the three years? Do not round intermediate calculations. Round your answers to two decimal places. % Interest % Principal Year 1: % % Year 2: % % Year 3: % % Why do these percentages change over time? These percentages change over time because even though the total payment is constant the amount of interest paid each year is declining as the remaining or outstanding balance declines. These…A man owes Php 15,000 with interest at 8% payable semi-annually. Equal payments at the beginning of each 6 months for 4 years will discharge his debt? What is the Outstanding principal at the beginning of the period 3. (Hint: Construct an amortization schedule.) a.Php 15,253.465 b.Php 12,345.678 c.Php 13,265.735 d.Php 11,229.855
- a. Complete an amortization schedule for a $19,000 loan to be repaid in equal installments at the end of each of the next 3 years. The interest rate is 6% compounded annually. If an amount is zero, enter "0". Do not round intermediate calculations. Round your answers to the nearest cent Beginning Balance Year Payment Repayment of Principal Remaining Balance Interest 1 $ 2 3 b. What percentage of the payment represents interest and what percentage represents principal for each of the 3 years? Do not round intermediate calculations. Round your answers to two decimal places. % Interest % Principal Year 1: % % Year 2: % % Year 3: % % Why do these percentages change over time? 1. These percentages change over time because even though the total payment is constant the amount of interest paid each year is declining as the remaining or outstanding balance declines. II. These percentages change over time because even though the total payment is constant the amount of interest paid each year is…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.a. Complete an amortization schedule for a $11,000 loan to be repaid in equal installments at the end of each of the next three years. The interest rate is 10% compounded annually. Round all answers to the nearest cent. Beginning Repayment Ending Year Balance Payment Interest of Principal Balance 1 $ fill in the blank 2 $ fill in the blank 3 $ fill in the blank 4 $ fill in the blank 5 $ fill in the blank 6 2 $ fill in the blank 7 $ fill in the blank 8 $ fill in the blank 9 $ fill in the blank 10 $ fill in the blank 11 3 $ fill in the blank 12 $ fill in the blank 13 $ fill in the blank 14 $ fill in the blank 15 $ fill in the blank 16 b. What percentage of the payment represents interest and what percentage represents principal for each of the three years? Round all answers to two decimal places. % Interest % Principal Year 1: fill in the blank 17% fill in the blank 18% Year 2: fill in the blank 19% fill in the blank 20% Year 3: fill in the…
