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please calculate up to 6 years for part C. i only have 1 try left, please make sure answers/rounding is accurate Delos Debt Renegotiations (A).
please calculate up to 6 years for part C. i only have 1 try left, please make sure answers/rounding is accurate
Delos Debt Renegotiations (A). Delos borrowed 80 million two years ago. The loan agreement, an amortizing loan, was for six years at 8.625% interest per annum. Delos has successfully completed two years of debt-service, but now wishes to renegotiate the terms of the loan with the lender to reduce its annual payments. a. What were Delos's annual principal and interest payments under the original loan agreement? b. After two years debt service, how much of the principal is still outstanding? c. If the loan were restructured to extend another two years, what would be the annual payments-principal and interest? Is this a significant reduction from the original agreements annual payments? interest ... 10,734,663.82 3.3.130.20 11,660,528.57 4,200,41400 3,070,000.0 12,666,249.16 13,758,713.15 Principal 2,689,261.66 14,945,402 16 1,400,220.72 16,234,443 10 b. After two years debt service, how much of the principal is still outstanding? After two years debt service, the outstanding principal is 57604807.61. (Round to two decimal places.) c. If the loan were restructured to extend another two years, what would be the annual payments-principal and interest? Is this a significant reduction from the original agreement's annual payments? Delos's annual payment would now be 12698017.71- (Round to two decimal places. The annual principal and interest payments are: (Round to two decimal places) Current balance 57,604,807.61 49875205.1 Payments Interest 4968414.66 4301736.44 Principal 7729002.51 8396280.73 Final check Etext pages View an example Clear all Financial calculator Step by Step Solution
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