Amortization schedule. Principal Repayment [4=2-3] 88,768.32 95,869.79 103,539.37 Beginning Book Ending Book Year ended Annual Payment Finance Cost Value Value [3=a*8%] 32,000.00 24,898.53 17,228.95 8,945.80 [1) 400,000.00 [2] 120,768.32 120,768.32 [5-1-4] 311,231.68 215,361.89 111,822.52 2 311,231.68 215,361.89 111,822.52 Total 120,768.32 120,768.32 483,073.29 4 111,822.52 400,000.00 0.00 83,073.29
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![Amortization schedule.
Beginning Book
Principal
Ending Book
Year ended
Annual Payment
Finance Cost
Value
Value
[1]
400,000.00
311,231.68
215,361.89
111,822.52
Total
[2]
120,768.32
120,768.32
120,768.32
120,768.32
[3=a*8%]
32,000.00
24,898.53
17,228.95
8,945.80
Repayment
[4=2-3]
88,768.32
95,869.79
103,539.37
111,822.52
400,000.00
[5=1-4]
311,231.68
215,361.89
111,822.52
1
4
0.00
483,073.29
83,073.29](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcd55ca6b-c1e3-4ffb-8c95-e00c964d1448%2Fcad3129a-d426-42ca-8ab1-d5b88cee5e35%2Fwfxdcg_processed.jpeg&w=3840&q=75)
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- Determine the monthly payment for the installment loan. Use the installment payment formula m = 1- Amount Financed (P) $1,440 O A. $179.15 B. $35.15 O C. $125.26 O D. $366.02 P n 1+) - not Annual Percentage Rate (r) 8% Number of Payments per Year (n) 12 Time in Years (t) 4Amount financed 18200 number of payments 72 monthly payment 425.08 finace charge 12405.76 whats the apr%Use the NPV method to determine whether Root Products should invest in the following projects: • Project A: Costs $275,000 and offers eight annual net cash inflows of $53,000. Root Products requires an annual return of 12% on investments of this nature. Project B: Costs $380,000 and offers 9 annual net cash inflows of $74,000. Root Products demands an annual return of 10% on investments of this nature. E(Click the icon to view Present Value of $1 table.) E (Click the icon to view Present Value of Ordinary Annuity of $1 table.) Read the requirements. Requirement 1. What is the NPV of each project? Assume neither project has a residual value. Round to two decimal places. (Enter any factor amounts to three decimal places, X.XXX. Use parentheses or a minus sign for a negative net present value.) Caclulate the NPV (net present value) of each project. Begin by calculating the NPV of Project A. Project A: Net Cash Annuity PV Factor Present Years Inflow (i=12%, n=8) Value 1-8 Present value of…
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- Find the APR (true annual interest rate), to the nearest half percent, for the following loan. Number of Monthly Payments Amount Financed $5600 Finance Charge $599 30 Click the icon to view the annual percentage rate table. The annual percentage rate is %.Consider a loan of $8,000 charging interest at j12-6% with monthly payments of $321.50 Calculate the missing amounts in the amortization table. Place the value for A in the first answer box, B in the second and C in the third. PMT Interest Principall Balance 8,000.00 1321.50 40.00 281.50 7,718.50 2 321.50 A CCalculate the amount financed, the finance charge, and the total deferred payment price (in $) for the following installment loan. Purchase(Cash)Price DownPayment AmountFinanced MonthlyPayment Number ofPayments FinanceCharge TotalDeferredPaymentPrice $2,600 0 $ $188.69 18 $ $