Consider the following amortization table. What is the amount of payment 141 that goes to principal? Loan
Question:
Consider the following amortization table. What is the amount of payment 141 that goes to principal?
Transcribed Image Text:
Loan Amount Interst Rate (annual) Term (Years) Amortization Schedule Calculator $274,800.00 5.90% 30 Monthly Payment $1,629.94 Month Payment 136 $1,629.94 Principal Interest Total Interest Balance $540.64 $1,089.30 $167,882.89 $221,011.17 137 $1,629.94 $543.30 $1,086.64 $168,969.53 $220,467.87 138 $1,629.94 $545.97 $1,083.97 $170,053.50 $219,921.90 139 $1,629.94 $548.66 $1,081.28 $171,134.78 $219,373.24 140 $1,629.94 $551.35 $1,078.59 $172,213.37 $218,821.89 141 $1,629.94 $554.06 142 $1,629.94 $556.79 $1,075.87 $173,289.24 $1,073.15 $174,362.39 $217,711.04 $218,267.83 143 $1,629.94 $559.53 $1,070.41 $175,432.80 $217,151.51 144 $1,629.94 $562.28 $1,067.66 $176,500.47 $216,589.23 145 $1,629.94 $565.04 146 $1,629.94 $567.82 147 $1,629.94 $570.61 $1,064.90 $177,565.36 $1,062.12 $178,627.48 $215,456.37 $1,059.33 $179,686.81 $216,024.19 $214,885.76 148 $1,629.94 149 $1,629.94 $573.42 $1,056.52 $180,743.33 $214,312.34 $576.24 $1,053.70 $181,797.03 $213,736.10 150 $1,629.94 $579.07 $1,050.87 $182,847.90 $213,157.03 151 $1,629.94 $581.92 $1,048.02 $183,895.92 $212,575.12 152 $1,629.94 $584.78 153 $1,629.94 $587.65 $1,045.16 $184,941.09 $211,990.34 $1,042.29 $185,983.37 $211,402.69 154 $1,629.94 $590.54 $1,039.40 $187,022.77 $210,812.14 155 $1,629.94 $593.45 $1,036.49 $188,059.26 $210,218.70 156 $1,629.94 $596.36 157 $1,629.94 158 $1,629.94 $599.30 $602.24 $1,033.58 $189,092.84 $209,622.33 $1,030.64 $190,123.48 $209,023.04 $1,027.70 $191,151.18 $208,420.80
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Mathematics questions
-
Suppose we are thinking about replacing an old computer with a new one. The old one cost us $1,350,000; the new one will cost, $1,610,000. The new machine will be depreciated straight-line to zero...
-
Ann and Bob form Robin Corporation. Ann transfers property worth $420,000 (basis of $150,000) for 70 shares in Robin Corporation. Bob receives 30 shares for property worth $15,000 (basis of $3,000)...
-
Mezzelano Company was involved in a transaction in which a three-year note was exchanged. The note requires equal year-end payments. The accounting department prepared the following amortization...
-
Preparing and interpreting a statement of cash flows using a T-account work sheet. Financial statement data for Dickerson Manufacturing Company for the current year appear in Exhibit 5.29. Additional...
-
Suppose a random sample of n = 5 observations is selected from a population that is normally distributed, with mean equal to 1 and standard deviation equal to .36. a. Give the mean and standard...
-
Marlin Corporation must decide between two mutually exclusive projects because it lacks sufficient employees to complete both projects. Each project will take two years to complete and the project...
-
Define leadership and understand its role and importance in successfully managing projects. AppendixLO1
-
Smith Distributors, Inc., supplies ice cream shops with various toppings for making sundaes. On November 17, 2011, a fire resulted in the loss of all of the toppings stored in one section of the...
-
Required information [The following information applies to the questions displayed below) Fraud Investigators Inc. operates a fraud detection service. a. On March 31, 10 customers were billed for...
-
What is the name of the account that the mortgage company holds your taxes and insurance in?
-
What is the cost of financing for a 30 -year mortgage of \(\$ 108,993\) with \(6.14 \%\) interest if the mortgage is paid off?
-
Write a method called reverse that accepts a String parameter and returns a string that contains the characters of the parameter in reverse order. Note that there is a method in the String class that...
-
Sketch the requested conic sections in Problems 14-23 using the definition. A parabola with the distance between the directrix and focus 1 unit
-
Why is the Rosenblum case a particularly important case in auditor liability?
-
Draw a population curve for a city whose growth rate is \(1.3 \%\) and whose present population is 53,000 . The equation is \[P=P_{0} e^{r t}\] Let \(t=0,10, \cdots, 50\) to help you find points for...
-
Draw a bar graph for each data set in Problems 32-35. Data set B Data set A: The annual wages of employees at a small accounting firm are given in thousands of dollars. 35 25 25 16 14 1 2 25 18 2 2...
-
For the four unrelated situations, A-D, below, calculate the unknown amounts indicated by the letters appearing in each column: B D Beginning Assets... Liabilities.. $40,000 $12,000 $28,000 $ (d)...
-
Firms auditing public entities are required to have periodic inspections conducted by the PCAOB. Required: a. What are the major characteristics of PCAOB inspections? b. What types of firms typically...
-
Calculate Total Contribution Margin for the same items. Total Revenue Total Variable Costs Total Contribution Margin $50.00 a. $116.00 $329.70 b. $275.00 $14,796.00 $7,440.00 c. $40,931.25 d....
-
Suppose I have computed the cost of carbon per mile for my car at 0 . 0 1 2 per mile. Assume that the interest rate is 4 % and that I drive the car 2 8 , 0 0 0 miles per year. What is the present...
-
Imagine that in stable growth period, the firm earns ROIC of 10% and has after tax EBIT of 200 and reinvestment $ of 40. What is the steady state growth rate? 20% O 10% 2%
-
Tanner-UNF Corporation acquired as a long-term investment $160 million of 5.0% bonds, dated July 1, on July 1, 2021. Company management has the positive intent and ability to hold the bonds until...
Study smarter with the SolutionInn App