financial math please double check your work. thank you! & i always upvote :)
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finance math *good pictures*
please clearly highlight answer and corresponding question.
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Body 2.a) 000 W b) 3. a) hy b) Who was the balance of Interest Portion $0.00 Round to the nearest 30:00 e Principal: Round to the restant c. What was the total amount of interest and principal paid by the end of 4 years? Interest Portion: SO 00 Principal und to the rest 3. a) A design studid received a loan of 56,850 at 6.60% compounded semi-annually to purchase a camera. 1 they settled the loan in 2 years by making quarterly payments. construct the amortization schedule for the loan and answer the following questions a. What was the payment size? 5000 Hound the nearest b. What was the size of the interest portion on the first payment? theast b) 50.00 Round to the nearescent c. What was the balance of the loan at end of the first year? Hound to the west cont d. What was the size of the interest portion on the last payment? 50.00 B Road to the east can Bradley had to make payments of $1,125 every 6 months to settle a $28,000 loan that he received at 5.32% compounded semi-annually. a. How long did it take to settle the loan? 21 years e 3 months Express the answer in years and months, rounded up to the next month b. What was the interest portion and principal portion of payment number 4? Interest Portion: $28,000.00 Round to the nearest cent Principal: $1,125.000 Round to the nearest cent Derek spent $240,000 to purchase machinery for his factory. He received a loan for the entire amount at 7.42% compounded quarterly and made quarterly payments of $9,400 to settle the loan. a. How long will it take to settle the loan? 0 years o months Express the answer in years and months, rounded up to the next month b. What was the interest portion and principal portion of payment number 5? Interest Portion: 50.00 Round to the nearest cent Principal: 50.00 E Round to the nearest cent c. What was the total amount of interest and principal paid by the end of 4 years? Interest Portion: 50.00 Round to the nearest cent Principal: 50.00 Round to the nearest cent Body 2.a) 000 W b) 3. a) hy b) Who was the balance of Interest Portion $0.00 Round to the nearest 30:00 e Principal: Round to the restant c. What was the total amount of interest and principal paid by the end of 4 years? Interest Portion: SO 00 Principal und to the rest 3. a) A design studid received a loan of 56,850 at 6.60% compounded semi-annually to purchase a camera. 1 they settled the loan in 2 years by making quarterly payments. construct the amortization schedule for the loan and answer the following questions a. What was the payment size? 5000 Hound the nearest b. What was the size of the interest portion on the first payment? theast b) 50.00 Round to the nearescent c. What was the balance of the loan at end of the first year? Hound to the west cont d. What was the size of the interest portion on the last payment? 50.00 B Road to the east can Bradley had to make payments of $1,125 every 6 months to settle a $28,000 loan that he received at 5.32% compounded semi-annually. a. How long did it take to settle the loan? 21 years e 3 months Express the answer in years and months, rounded up to the next month b. What was the interest portion and principal portion of payment number 4? Interest Portion: $28,000.00 Round to the nearest cent Principal: $1,125.000 Round to the nearest cent Derek spent $240,000 to purchase machinery for his factory. He received a loan for the entire amount at 7.42% compounded quarterly and made quarterly payments of $9,400 to settle the loan. a. How long will it take to settle the loan? 0 years o months Express the answer in years and months, rounded up to the next month b. What was the interest portion and principal portion of payment number 5? Interest Portion: 50.00 Round to the nearest cent Principal: 50.00 E Round to the nearest cent c. What was the total amount of interest and principal paid by the end of 4 years? Interest Portion: 50.00 Round to the nearest cent Principal: 50.00 Round to the nearest cent
