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Problem # 4 an 2 Company Signs a 10 year Installment LOAN Requiring seni annunt Payments 8% Interest Rate for $15,000. Calculate the required Payment
Problem # 4 an 2 Company Signs a 10 year Installment LOAN Requiring seni annunt Payments 8% Interest Rate for $15,000. Calculate the required Payment Amortigation Table Problem 5 Use the InformATION from Problem # 4 except for Assuming the payment are made at the Beginning of the Periodo a a 10 a Problem #6 Non - Interest Bearing Loan which regoines Single Payment of $100.000 of the end of discount Rute CALCULATE Value of Lore Amortization Table YEARS. Assume og 10%. #4 Installment loan (ordinary annuity) mob $15,000 loan, 8%, 10 years, semiannual payments at the end of the period Payments = PVA 4%, 20 payments 15,000/13.59033 = $1,103.73 Payment interest principle balance 0 15000 1 1103.73 600.00 503.73 14496.27 2 1103.73 579.85 523.88 13972.39 3 1103.73 558.90 544.83 13427.56 4 1103.73 537.10 566.63 12860.93 5 1103.73 514.44 589.29 12271.64 6 1103.73 490.87 612.86 11658.77 7 1103.73 466.35 637.38 11021.39 8 1103.73 440.86 662.87 10358.52 9 1103.73 414.34 689.39 9669.13 10 1103.73 386.77 716.96 8952.16 11 1103.73 358.09 745.64 8206.52 12 1103.73 328.26 775.47 7431.05 13 1103.73 297.24 806.49 6624.56 14 1103.73 264.98 838.75 5785.82 15 1103.73 231.43 872.30 4913.52 16 1103.73 196.54 907.19 4006.33 17 1103.73 160.25 943.48 3062.85 18 1103.73 122.51 981.22 2081.64 19 1103.73 83.27 1020.46 1061.17 20 1103.73 42.45 1061.28 -0.11
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