### Find the interest and principal paid in the 30th payment

Assignment Help Finance Basics
##### Reference no: EM13304942

A \$10,000 loan is repaid with 60 monthly payments starting one month after the loan. The payments increase by 15% every 12 months but are constant within each year. The nominal interest rate convertible monthly is 12%.

What is the amount of the first monthly payment? Find the interest and principal paid in the 30th payment, and Construct the amortization table for the first 3 months of the second year and the first 3 months of the last year.

#### Questions Cloud

 Calculate the breakeven level of ebit : At what level of EBIT will APC shareholders earn zero EPS, under the current and the proposed capital structures? What should be the price of venture pharma shares : If the firm's discount rate is 10%, what should be the price of Venture Pharma's shares, if it did not and if it did undertake the marketing campaign? Two peers on their legacy statements : Share your legacy statement with your peers and add a short discussion on what you learned through the development of the portfolio process. Respond to at least two peers on their legacy statements. Find the wavelength of this wave in a vacuum : A certain EM wave has a wavelength of 4 X 10 ^-7 m and a speed of 2.5 X10^8 m/s in a partcular material ( not a vacuum). what is the wavelength of this wave in a vacuum Find the interest and principal paid in the 30th payment : What is the amount of the first monthly payment? Find the interest and principal paid in the 30th payment, and Construct the amortization table for the first 3 months of the second year and the first 3 months of the last year. Determine the amount of interest paid in year 8 : Determine the amount of interest paid in year 8 (between time 7 and 8), and the amount of principal paid in year 8. At what time will the loan be fully repaid? Compute the kinetic energy of the scattered electron : A photon with an initial wavelength of 1.390Ã-10-11 m Compton scatters from an electron which is initially at rest. compute the kinetic energy of the scattered electron Find the minimum angle for alpha that allows the boxes : Box 1 weighs 284.49N Box 2 weighs 421.83N. The angle between box 2 and the ramp is 37deg. Find the minimum angle for alpha that allows the boxes to remain stationary. Determine the volume of the nucleus : The nucleus of an atom has a radius of about 7.9Ã-10-15 m. The electron is normally at a distance of about 3.4Ã-10-11 m from the nucleus, Find the volume of the nucleus

### Write a Review

#### Which method of financing maximizes the pershare stock price

Construct Stephenson's market value balance sheet after both the debt issue and the land purchase. What is the price per share of the firm's stock?

#### What is the annualized rate of return to the swiss investor

Today, at maturity, the exchange rate is 1.324 Swiss francs per dollar. What is the annualized rate of return to the Swiss investor?

#### Compute the stock price change

Company Z stock is trading at \$30 per share given that the risk free interest rate is 9 percent and the equilibrium risk premium on the market portfolio is 8 percent.

#### Would a negative correlation necessarily show

Would a negative correlation necessarily show that smaller class sizes cause better performance? Explain?

#### Which is assumed to be attainable over the next 40 years

If Hal makes end of year \$2000 deposits into the IRA, how much will he have accumulated by the end of his sixty-fifth year?

#### How much new long-term debt financing will be needed

At year-end 2011, total assets for Harley Davidson Inc. were \$1.9 million and accounts payable were \$340,000. Sales, which in 2011 were \$2.5 million, are expected to increase by 20% in 2012.

Why is time value of money concept important? In what quantitative decisions may the time value of money be used? How do you apply the time value of money concept to make decisions in your personal life? How may you use Time Value of Money concept..

#### What is the accounting break-even quantity

What is the degree of operating leverage at the financial break-even level of output?

#### Calculate a firm eva given the following information

Calculate a firm's EVA given the following information: Net income=\$480,000, Interest Expense=\$50,000, After-tax Cost of Capital=11%, Total Capital Employed (less A/P and Accruals)=\$3,600,000, Tax Rate=40%.

#### Multilateral and regional financial institutions

How do multilateral and regional financial institutions promote global business? How do global companies protect themselves against foreign exchange risk and other financial risks?

#### Compute the break even point in units

The Hartnett Company manufactures baseball bats with Pudge Rodriguez's autograph stamped on them. Each bat trades for \$13 and has a variable expense of \$8.

#### Calculate thelma and louie net income for the year

The company paid dividends of \$33 million to the preferred stockholders and \$73 million to common stockholders. Calculate Thelma and Louie's net income for the year.