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Hill Inc. issued a five year, 7% installment loan payable, with blended principal and interest payments due annually. The following instalment payment schedule is partially
Hill Inc. issued a five year, 7% installment loan payable, with blended principal and interest payments due annually. The following instalment payment schedule is partially completed. Interest Interest period Cash payment expense Issue date Reduction of Principle principal balance $50,000 $8,695 $41,305 1 $12,195 A 2 B 2 3 $2,891 $32,001 D E $9,955 F 4 G $1,543 H $11,394 1 $801 $11,394 J Round to nearest dollar Input the answers for the following corresponding letters from the chart: A$ B$ C$ B$ C$ D $ $ E $ F $ $ GS HS I $ JS What is the current portion of the loan at the end of period 37 $ What is the non current portion of the loan at the end of period 32 $
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