What are the repayment schedules for each of the following five-year, 8 percent $13,000 term loans? Use Appendix D to answer the questions. Do not leave any cells blank. If the answer is zero, enter "0". Do not round intermediate calculations. Equal annual payments that amortize (retire) the principal and pay the interest owed on the declining balance. Round your answers to the nearest cent. Year Interestpayment Principalrepayment Balanceon loan 1 $ $ $ 2 $ $ $ 3 $ $ $ 4 $ $ $ 5 $ $ $ Equal annual principal repayment, with interest calculated on the remaining balance owned. Round your answers to the nearest dollar. Year Interestpayment Principalrepayment Balanceon loan 1 $ $ $ 2 $ $ $ 3 $ $ $ 4 $ $ $ 5 $ $ $ No principal repayment until after five years, with interest paid annually on the balance owned. Round your answers to the nearest dollar. Year Interestpayment Principalrepayment Balanceon loan 1 $ $ $ 2 $ $ $ 3 $ $ $ 4 $ $ $ 5 $ $ $ $1,500 annual principal repayment, with the balance paid at the end of five years and annual interest paid on the balance owed. Round your answers to the nearest dollar. Year Interestpayment Principalrepayment Balanceon loan 1 $ $ $ 2 $ $ $ 3 $ $ $ 4 $ $ $ 5 $ $ $
What are the repayment schedules for each of the following five-year, 8 percent $13,000 term loans? Use Appendix D to answer the questions. Do not leave any cells blank. If the answer is zero, enter "0". Do not round intermediate calculations. Equal annual payments that amortize (retire) the principal and pay the interest owed on the declining balance. Round your answers to the nearest cent. Year Interestpayment Principalrepayment Balanceon loan 1 $ $ $ 2 $ $ $ 3 $ $ $ 4 $ $ $ 5 $ $ $ Equal annual principal repayment, with interest calculated on the remaining balance owned. Round your answers to the nearest dollar. Year Interestpayment Principalrepayment Balanceon loan 1 $ $ $ 2 $ $ $ 3 $ $ $ 4 $ $ $ 5 $ $ $ No principal repayment until after five years, with interest paid annually on the balance owned. Round your answers to the nearest dollar. Year Interestpayment Principalrepayment Balanceon loan 1 $ $ $ 2 $ $ $ 3 $ $ $ 4 $ $ $ 5 $ $ $ $1,500 annual principal repayment, with the balance paid at the end of five years and annual interest paid on the balance owed. Round your answers to the nearest dollar. Year Interestpayment Principalrepayment Balanceon loan 1 $ $ $ 2 $ $ $ 3 $ $ $ 4 $ $ $ 5 $ $ $
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
What are the repayment schedules for each of the following five-year, 8 percent $13,000 term loans? Use Appendix D to answer the questions. Do not leave any cells blank. If the answer is zero, enter "0". Do not round intermediate calculations.
-
Equal annual payments that amortize (retire) the principal and pay the interest owed on the declining balance. Round your answers to the nearest cent.
YearInterest
paymentPrincipal
repaymentBalance
on loan1 $ $ $ 2 $ $ $ 3 $ $ $ 4 $ $ $ 5 $ $ $ -
Equal annual principal repayment, with interest calculated on the remaining balance owned. Round your answers to the nearest dollar.
YearInterest
paymentPrincipal
repaymentBalance
on loan1 $ $ $ 2 $ $ $ 3 $ $ $ 4 $ $ $ 5 $ $ $ -
No principal repayment until after five years, with interest paid annually on the balance owned. Round your answers to the nearest dollar.
YearInterest
paymentPrincipal
repaymentBalance
on loan1 $ $ $ 2 $ $ $ 3 $ $ $ 4 $ $ $ 5 $ $ $ -
$1,500 annual principal repayment, with the balance paid at the end of five years and annual interest paid on the balance owed. Round your answers to the nearest dollar.
YearInterest
paymentPrincipal
repaymentBalance
on loan1 $ $ $ 2 $ $ $ 3 $ $ $ 4 $ $ $ 5 $ $ $
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