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help please with 14,15,16 if possible 13 tooo shall give thumbs up 13 You owe $300,000 on a mortgage loan. The loan is to be
help please with 14,15,16 if possible 13 tooo
13 You owe $300,000 on a mortgage loan. The loan is to be repaid in equal payments at the end of each MONTH for the next 30 years. The interest rate on the loan is 12.00.compounded monthly. What is the amount of each of the monthly payments! 58,103.59 $3,000.00 518.621.55 53,085.84 $36.000.00 14 On January 1 of Year I, Taraxi Company as a truck for a year period under a capital lease and agreed to pay an annual lease payment of $6,000 at the end of each year. The interest rate associated with this capital lease is compounded annually. The fint 56,000 payment be made on December 31 of Year 1. Which ONE of the following is recorded on the date of the SIGNING of this lease contract on tanuary 1 of Year 17 Lease Asset of 60.000 Leased Asset of 354000 No asset is recorded on the lease signing date Leased Asset of 537,481 Lease Asset of 56,000 15 On January 1 of Year 1, Kamill Company leased a truck for a year period under an operating lease and agreed to pay an annual lease payment of $6,000 at the end of each year. The cash price of the track is $27.388.On December 31 of Year, the first $6,000 payment was madeas scheduled. Which ONE of the following is recorded upon the payment of the first 54.000 payment on December 51 of Year 19 Lease Expense of 53.286 REDUCTION in Lease Liability of 56,000 O REDUCTION in Leuse Liability of $24.669 O REDUCTION IN Lease Liability of $2.714 Lease Expense of 86,000 Least Expense of 2.714 16 User Company leased computer equipment from Owner Company en amuary 1 of Your. The computer equipment has an expected useful life of five years. The terms of the lease require annual payments of $5,000 for five years with the first payment being made on the lease signing date January 1 of Year 1)-the four subsequent base payments are made onlamuary of each subsequent year. The interest rate used in computing the lease payments is 10% compounded annually User Company is accounting for this late as a capital lease Note: Round your calculations to the nearest dollar. Compute the INTEREST expense associated with this capital late for Year $1,895 $2.500 51.585 $2,000 $2.58S 52085 shall give thumbs up
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