Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

I did the work. Please check my answers. Thank you. Question 9 Loan amount Interest rate Number of years 120,000 9.00% 10.00 Please just check

I did the work. Please check my answers. Thank you. image text in transcribed
Question 9 Loan amount Interest rate Number of years 120,000 9.00% 10.00 Please just check my answers. Thank you. Equal Payments $18,698.41 Generate the Loan amortization table with equal payment. Years Beginning Total Interest Principal Ending Balance Payment Paid Payment Balance $ 120,000.00 $ 18,698.41 $ 10,800.00 $ 7,898.41 $ 112,101.59 $ 112,101.59 $ 18,698.41 $ 10,089.14 $ 8,609.27 $ 10 $ 103,492.32 $ 18,698.41 $ 9,314.31 $ 9,384.10 $ 94,108.22 $ 94,108.22 $ 18,698.41 $ 8,469.74 $ 10,228.67 $ 83,879,55 $ 83,879.55 $ 18,698.41 $ 7,549.16 $ 11,149.25 $ 72,730.30 $ 72,730.30 $ 18,698.41 $ 6,545.73 $ 12,152.68 $ 60,577.61 $ 60,577.61 $ 18,698.41 $ 5,451.99 $ 13,246.43 $ 47,331.19 $ 47,331.19 $ 18,698.41 $ 4,259.81 $ 14,438.60 $ 32,892.58 $ 32,892.58 $ 18,698.41 $ 2,960.33 $ 15,738.08 $ 17,154.51 $ 17,154.51 $ 18,698.41 $ 1,543.91 $ 17,154.51 $ $ 186,984.11 $ 66,984.11 $ 120,000.00 6 7 8 9 10 Total Cover Task 1 Financial Planning Task 2 Time value of money Task 3-DCF Task 4-Loan amortization Task 5 Bond

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions