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- Find the periodic payment ? required to amortize a loan of $100,000 with a 4% yearly interest rate compounded4 times per year over 10 years. Then, fill out the first 4 rows of the amortization schedule.Suppose you take a 6 year loan of $50,000 with an annual interest rate of 13% and monthly payments starting at the end of year 1. What are the monthly loan payments? Enter your response below.Prepare an amortization schedule for a five-year loan of $71,500. The interest rate is 7 percent per year, and the loan calls for equal annual payments. If you could show how to solve using a financial calculator that would be greatly apprectiated, thank you. YEAR BEGINNING BALANCE TOTAL PAYMENT INTEREST PAYMENT PRINCIPAL PAYMENT ENDING BALANCE 1 2 3 4 5
- Establish loan amortization schedules for 3- year loan of 20.000 (initial loan) with equal payments at the end of each year. The interest rate is 5 percent per year? show how you compute each of the itemsusing excel do the following Create an amoritization schedule for a $1,000,000 loan that requires equal annual payments in each of the next 10 years. The annual rate is 6%. How much is the remaining loan balance after 5 years? Analyze the amount of each equal payment that goes towards interest and principal in each year. What do you notice?Establish loan amortization schedules for 3-year loan of $20,000 (initial loan) with equal payments at the end of each year. The interest rate is 5 percent per year.PLEASE SHOW HOW YOU COMPUTE EACH OF THE ITEMS.
- Create a loan amortization table using the following information: Amount of the loan: $500,000 Length of the loan: 30 years Payment: Equal annual payment Interest rate: Annual interest rate starts at 3% in year 1, then every year after that, the interest rate is previous year's interest rate plus 0.1%. PLEASE DO IT IN EXCEL AND SHOW YOUR STEPSA $14,000 loan at 6% interest rate is paid over 4 years. Draw up the loan repayment table if the repayment follows the constant annuity method. solve it correctly please. I will rate accordingly. Show woFind the interest paid on a loan of $2,700, for three years at a simple interest rate of 12% per year. What is the interest on the loan?
- A $14,000 loan at 6% interest rate is paid over 4 years. Draw up the loan repayment table if the repayment follows the constant annuity method. solve it correctly please. I will rate accordingly...show all wConsider a student loan of $25,000 at a fixed APR of 9% for 25 years. a. Calculate the monthly payment. b. Determine the total amount paid over the term of the loan. c. Of the total amount paid, what percentage is paid toward the principal and what percentage is paid for interest.Suppose you borrowed Php 30,000 on a student loan at a rate of 8% and must repay it in three (3) equal installments at the end of each of the next three (3) years. d) What would your ending balance be after the first year? e) Complete the loan amortization table.
