C OF
The following table shows a portion of a three-year amortization schedule.
3 Year Amortization Schedule
Loan Amount or Principal S 11.940.00
Interest Rate on Loan
7.45%
Extra Payment to Principal $
Month Payment Principal Interest Balance
171 $ 371.13 S 327.92 S 43.21 S 6,632.16
18 5 371.13 S 329.96 41.17 S 6.302.20
19 $ 371.13 S 332 01 | $ 39 13 S 5.970.19
20 S
371.13 S 334.07 S 37.06S 5.636.12
21 S 371.13 S 336.14 S 34.99S 5.299.98
22 s 371.13 S 338.23S 32.90S 4.961.75
23 S
371.13 S 340.33S 30.80S 4.621.42
24 S
371.13 S 342.44S 28.69S 4.278.98
25 S 371.13 S 344.575 26.57 S 3.934 41
After two years, how much has been paid into interest?
a $4,628.14
b $1,246.10
C С
$978.96
d. $1,912.05
Hi

Answers

Answer 1

Answer:

b cz vc

Step-by-step explanation:

bv

Answer 2

The total amount of interest paid after two years is $1,246.15.

What is an amortization schedule?

An amortization schedule is a table that shows the periodic payments, portions of interest and principal paid, and the loan balance.  It is useful for financial managers to understand how much is remaining unpaid and the amount to record as the interest expense periodically.

Data and Calculations:

Loan Amount or Principal = $11,940.00

Interest Rate on Loan = 7.45%

Extra Payment to Principal $0

Month     Payment   Principal       Interest         Balance

17             $371.13      $327.92       $43.21        $6,632.16

18            $371.13     $329.96         $41.17       $6,302.20

19            $371.13      $332.01        $39.13        $5,970.19

20           $371.13     $334.07       $37.06        $5,636.12

21            $371.13      $336.14       $34.99      $5,299.98

22           $371.13     $338.23       $32.90       $4,961.75

23           $371.13     $340.33       $30.80       $4,621.42

24           $371.13     $342.44       $28.69      $4,278.98

25           $371.13    $344.57        $26.57      $3,934 41

Full Amortization Schedule

Period PV PMT Interest FV

1 $-11,939.87 $371.13 $-74.13 $11,642.86

2 $-11,642.86 $371.13 $-72.28 $11,344.02

3 $-11,344.02 $371.13 $-70.43 $11,043.31

4 $-11,043.31 $371.13 $-68.56 $10,740.74

5 $-10,740.74 $371.13 $-66.68 $10,436.30

6 $-10,436.30 $371.13 $-64.79 $10,129.96

7 $-10,129.96 $371.13 $-62.89 $9,821.72

8 $-9,821.72 $371.13 $-60.98 $9,511.57

9 $-9,511.57 $371.13 $-59.05 $9,199.49

10 $-9,199.49 $371.13 $-57.11 $8,885.47

11 $-8,885.47 $371.13 $-55.16 $8,569.50

12 $-8,569.50 $371.13 $-53.20 $8,251.58

Year #1 end

Total interest for the first year = $765.26

13 $-8,251.58 $371.13 $-51.23 $7,931.67

14 $-7,931.67 $371.13 $-49.24 $7,609.79

15 $-7,609.79 $371.13 $-47.24 $7,285.90

16 $-7,285.90 $371.13 $-45.23 $6,960.00

17 $-6,960.00 $371.13 $-43.21 $6,632.08

18 $-6,632.08 $371.13 $-41.17 $6,302.13

19 $-6,302.13 $371.13 $-39.13 $5,970.12

20 $-5,970.12 $371.13 $-37.06 $5,636.06

21 $-5,636.06 $371.13 $-34.99 $5,299.92

22 $-5,299.92 $371.13 $-32.90 $4,961.69

23 $-4,961.69 $371.13 $-30.80 $4,621.37

24 $-4,621.37 $371.13 $-28.69 $4,278.93

Year #2 end

Total interest for the second year = $480.89

Total interest after two years = $1,246.15 ($765.26 + $480.89)

Thus, the total amount of interest paid after two years is $1,246.15.

Learn more about calculating loan amortization balances at brainly.com/question/14511778


Related Questions

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Answers

Answer:

The first one is two over four

Step-by-step explanation:

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Answers

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Step-by-step explanation:

Divide into three shapes:

Large rectangle BEFA

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Answer:

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Answer:

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Step-by-step explanation:

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88 is the answer to your question

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Answer:B. $427

Step-by-step explanation:

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Step-by-step explanation:


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Answer:

$22.12

Step-by-step explanation:

Let x be the wholesale price (the price before adding the markup).

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(r,θ)=

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J0IN G00GLE MEET GIRL$

wnp-hxru-ipf

Find the value of x

Answers

Answer:

x=80

Step-by-step explanation:

(x+30)=110 because they are vertically opposite angles.

x+30=110

x=110-30

x=80

Answer:

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  - 30  = -30

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Answers

Answer:

No, you need to know another  angle to prove that it is a right triangle to use the Pythagorean theorem.

If you did have an additional side length, that needed angle could be calculated and then use the Pythagorean to prove.

If someone makes as many slices of toast as possible in 4 minutes and 40 seconds, how many slices do think they can make

Answers

Answer:

If they can do x slices per second, they could do 280x slices

Step-by-step explanation:

4 min 40 sec -> 280 secs

280 * 5 = 1400

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bhai questions kya hai

than I question of answer

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Answers

Answer:

The population is decreasing by 13%.

Step-by-step explanation:

The standard exponential equation can be modeled by:

y = A(1 ± r)^x

WILL MARK BRAINLIEST


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What number of students describes the first quartile

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Answers

22 (what number is in the middle one you put it in ascending order)

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Have a great day <3

Melanie is going to invest $45,000 and leave it in an account for 20 years. Assuming
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Answers

Answer:

Rate of interest r = 5.20% (Approx.)

Step-by-step explanation:

Given:

Amount invested p = $45,000

Final amount A = $142,000

Number of year = 20

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Rate of interest r

Computation:

A = p[1+r]ⁿ

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3.1556 = [1+r]²⁰

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Rate of interest r = 5.20% (Approx.)

PLEASE HELP!!
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m+7=3+m+4

Answers

Answer:

M = -7

Step-by-step explanation:

It makes sense if you replace it in for M! Hope this helps and have a great day!

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Answers

Answer:

34.6

Step-by-step explanation:

Answer:

It will be 34.6 by my opinion

Need answer asap, correct answer will get brainliest.

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*☆*――*☆*――*☆*――*☆*――*☆*――*☆*――*☆*――*☆**☆*――*☆*――*☆*――*☆

Answer: A) (2, 4)

Explanation:

the rule is (x,y) --> (x,-y) For reflecting over the x axis

(2,-4) --> (2, 4)

I hope this helped!

<!> Brainliest is appreciated! <!>

- Zack Slocum

*☆*――*☆*――*☆*――*☆*――*☆*――*☆*――*☆*――*☆**☆*――*☆*――*☆*――*☆

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(2,4)

Step-by-step explanation:

The coordinate of A is (2,-4) currently. If we reflect that point over the x-axis,  the y coordinate will change into the opposite sign. Because the y coordinate is -4, it will change to - (-4) = 4. Therefore, the coordinate of A' would be (2,4).

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Answers

Answer C

Step-by-step explanation:

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Answers

Answer:

D

Step-by-step explanation:

You can graph this function on a calculator and and find its max by finding the peak of the parable and the x value at the point

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(a) Set up the 2x2 stochastic matrix with columns and rows labeled L and H that displays these transitions
(b) Suppose that, during the month of January, 50% of the customers were Low users. What percent of the customers will be Low users in February? In March? (Type an integer or decimal for each matrix element.)

Answers

1. The stochastic matrix for the given transitions is:

   [tex]T = \left[\begin{array}{ccc}0.80 & 0.20\\0.30&0.70 \end{array}\right]\\[/tex]

2. 40.0% people in February and 32.0% people in March will be the low  users if there are 50% low users in January.

It is given that,

80% of the people who were Low users one month will be Low users the next month.

That means for the transition low-low (L-L)

p = 0.80

So, for Low-high transition (L-H)

p = 1-0.80 = 0.20

It is also given that 70% of the people who were High users one month will be High users the next month.

That means, p = 0.70 for the transition high-high (H-H)

Then for H-L transition, p = 1-0.70 = 0.30

(a) The 2x2 stochastic matrix for these transitions is:

[tex]T = \left[\begin{array}{ccc}0.80 & 0.20\\0.30&0.70 \end{array}\right]\\[/tex]

(b) Given that 50% users are the low users in month of January.

[tex]\text{Percent of the customers will be Low users in February}= (\text{low users in month of January} \times \text{Probability of L-L transition.}) \times 100\%[/tex]= (0.50 x 0.80)x100%

= 0.4x 100%

=40.0%

Now, the percentage of people who will be low users in the month of march = (low users in February x probability of L-L transition)x100%

=(0.40x0.80)x100%

=0.32x100%

=32.0%

Hence, the percentage of people who will be low users in the month of February and in the month of March are 40.0% and 32.0% respectively.

Therefore, the results are:

1.2x2 stochastic matrix for the transitions is as:

         [tex]T = \left[\begin{array}{ccc}0.80 & 0.20\\0.30&0.70 \end{array}\right]\\[/tex]

2. The percentage of people who will be low users in the month of     February and in the month of March are 40.0% and 32.0% respectively.

Learn more about stochastic matrix here:

https://brainly.com/question/29737056

#SPJ4

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Answers

Answer:

it is unlike other shapes

Step-by-step explanation:

it has no egdes,vertices etc.

Find the slope of the line.

Answers

Answer:

1/3 is the slope

Step-by-step explanation:

hope this helps

The Adams family drove 319 miles in 5.5 hours. At this same rate, how many miles would they drive in
3 hours?
A:164 B:174 C:180 D:144

Answers

cross multiply and divide.

(3/X) • (5.5/319)

(319•3) = 5.5X
——— ———
5.5 5.5

X=174

PLEASE HELP ;(

If x varies directly as y, find
x when y = 8.

x = 11 when y = -3

X =

Answers

Answer:

1638 or 1368!

Step-by-step explanation:

the 20% tip on a $8 sandwich ​

Answers

Answer:

Tip of $1.60

The total is $9.60

Step-by-step explanation:

(20% × $8) + $8

$1.60 + $8

$9.60

5 times a number plus 4

Answers

Answer:

29

Step-by-step explanation:

5 x 5+4

=25+4 =29

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Answers

Land value may be determined by real estate appraisals conducted by third parties. ... Appraisal of the land can include a comparison of its condition to similar real estate. This is not the same as comparative market analysis, wherein the prices of recently sold similar properties are compared.

A line has a slope of 1/2 and passes through the point (6,2).

a) Write the equation of this line in point-slope form
(b) What is the y-intercept of this line?

Answers

Answer:

a) y-2=1/2(x-6) b) The y-intercept of this line is -1.

Step-by-step explanation:

y-y1=m(x-x1)

y-2=1/2(x-6)

------------------

y=1/2x-6/2+2

y=1/2x-3+2

y=1/2x-1

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Answer and explanation please! <3

Answers

Answer:

area of a triangle is equals to sum of all side

Answer:

5√5

Step-by-step explanation:

the area of the triangle is, "base len x height"

the base in here is √1^2 + 2^2 = √5

its height is √4^2 + 3^2 = 5

so the area is √5 x 5 = 5√5

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