Reference no: EM131002142
Need answers to all questions please. Need step-by-step answers. Excel is acceptable.
1.
A. For each of the following debt amortized by equal payments made at the end of each payment interval, compute (a) the size of the periodic payments; (b) the interest paid, principal repaid, and the balance for the first period;
|
Debt Principal
|
Repayment Period
|
Payment Period
|
Interest Rate
|
Compounding Period
|
|
2.
|
$8,000.00
|
5 Years
|
1 Month
|
12%
|
Monthly
|
2.
A. For the following debt amortized by equal payments made at the end of each payment interval, compute (a) the size of the periodic payments; (c) the interest paid, principal repaid, and the balance for the second period.
|
Debt Principal
|
Repayment Period
|
Payment Period
|
Interest Rate
|
Compounding Period
|
|
$36,000
|
20 Years
|
6 Months
|
8%
|
Quarterly
|
B. The owner of the Blue Goose Motel borrowed $12 500 at 7.1% compounded semi- annually and agreed to repay the loan by making payments of $700 at the end of every three months.
(a) How many payments will be needed to repay the loan?
(b) How much will be owed at the end of five years?
(c) By the end of five years of payments, how much total interest has been paid?
3.
A. For the following loan, compute the size of the final payment.
|
Principal
|
Periodic Payment
|
Payment Period
|
Payment Made at:
|
Interest Rate
|
Compounding Period
|
|
$15,400
|
$1,600
|
6 Months
|
End
|
8%
|
Quarterly
|
B. A contract valued at $27 500 requires payments of $6000 every six months. The first payment is due in four years and interest is 11% compounded semi-annually.
(a) How many payments are required?
(b) What is the size of the last payment?
(c) How much will be paid in total?
(d) How much of what is paid is interest?
Review Exercise
Milton Investments borrowed $32 000 at 11% compounded semi-annually. The loan is repaid by payments of $4500 due at the end of every six months.
(a) How many payments are needed? (b) How much of the principal will be repaid by the fifth payment? (c) Prepare a partial amortization schedule showing the details of the last three payments and totals.
|
Shown below in t account format are the changes
: From the information provided by the account changes you should be able to re-create the transactions that affected Brenner-Jude's retained earnings during 2011.
|
|
Insights and thoughts about enhancing the alignment
: The degree to which the strategy and performance management of human resources is aligned our own insights and thoughts about enhancing the alignment
|
|
How would the company use surveys
: xplain, in at least 300 words, examples of when you would use a survey, experiment, and test marketing in research for the company. For example, if General Mills is launching a new cereal, how would the company use surveys
|
|
What is the equation for the fitted model
: Write the model you are fitting (in terms of the mean of log (fertility) conditional on knowing the value of pctUrban. What is the equation for the fitted model?
|
|
Compute the size of the final payment
: For the following loan, compute the size of the final payment.
|
|
Streamlines the flow of knowledge within their systems
: Several business units and organizations have recognized the importance of KM, which, in reality, streamlines the flow of knowledge within their systems
|
|
Is is better to perform this experiment on a dry day
: 1. Electrostatic phenomena resulting in personal shock are more prevalent in areas of low humidity. Qualitatively explain why this is the case and how it might manifest itself as a systematic error in your experiments. Is is better to perform thi..
|
|
Prepare the journal entry to record the distribution
: Prepare the journal entry to record the distribution of the stock dividend on the declaration date.
|
|
Finding electrical potential of two point charges
: Finding electrical potential of two point charges. Finding capacitance between two parallel plates.
|