27. Study the amortization schedule and fill in the blanks. 28. A loan amounting to P100,000 is to be paid annually for 4 years with an interest rate of 10% per annum. The annual amortization is P31,547.08. Interest Principal Component Regular Payment R Period Component Outstandin g Balance of Payment of Payment 0 A 1 B 10,000 21,547.08 78,452.92 2 31,547.08 с D 54,751.13 3 31,547.08 5,475.11 26,071.97 28,679.16 4 31,547.08 2,867.92 28,679.16 E TOTALS

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter19: Lease And Intermediate-term Financing
Section: Chapter Questions
Problem 12P
icon
Related questions
Question
Please, can you please answer this. That is so hard
Lesson 35 Supplementary Exercises
27. Study the amortization schedule and fill in the blanks.
28. A loan amounting to P100,000 is to be paid annually for 4 years with an interest
rate of 10% per annum. The annual amortization is P31,547.08.
Interest
Regular
Payment R
Principal
Component
of Payment
Outstandin
Period
Component
g Balance
of Payment
A
1
B
10,000
21,547.08
78,452.92
31,547.08
D
54,751.13
3
31,547.08
5,475.11
26.071.97
28,679.16
4
31,547.08
2,867.92
28,679.16
TOTALS
A. How much is the amount of the loan?
B. How much is the payment on the first period?
C. For the second payment, how much gnes to pay the interest?.
D. For the second payment, how much goes to pay the principal?
E. How much is the outstanding balance after the 4" payment?
Transcribed Image Text:Lesson 35 Supplementary Exercises 27. Study the amortization schedule and fill in the blanks. 28. A loan amounting to P100,000 is to be paid annually for 4 years with an interest rate of 10% per annum. The annual amortization is P31,547.08. Interest Regular Payment R Principal Component of Payment Outstandin Period Component g Balance of Payment A 1 B 10,000 21,547.08 78,452.92 31,547.08 D 54,751.13 3 31,547.08 5,475.11 26.071.97 28,679.16 4 31,547.08 2,867.92 28,679.16 TOTALS A. How much is the amount of the loan? B. How much is the payment on the first period? C. For the second payment, how much gnes to pay the interest?. D. For the second payment, how much goes to pay the principal? E. How much is the outstanding balance after the 4" payment?
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Mortgages
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT