Tricana Corporation borrowed $79,000.00 at 3% compounded quarterly for 8 years to buy a warehouse. Equal payments are made at the end of every 3 months.Determine the size of the quarterly payments.(a)Compute the interest included in payment 12.(b)(c) Determine the principal repaid in payment period 9.(d)Constructpartial amortization schedule showing details of the first three payments, the last three payments, and totals.(a) The size of the quarterly payment is $(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)(b) The interest included in payment 12 is $.(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)(c) The principal repaid in payment period 9 is S.(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)(d) Complete the table below for the first three payments in the schedule.(Do not round until the final answer. Then round to the nearest cent as needed.)Payment NumberAmount PaidInterest PaidPrincipal RepaidOutstanding Principal Balance$79,000.001$3 Complete the table for the last three payments.(Do not round until the final answer. Then round to the nearest cent as needed.)Payment NumberAmount PaidInterest PaidPrincipal RepaidOutstanding Principal Balance303132$0Total Paid = $(Do not round until the final answer. Then round to the nearest cent as needed.)Interest Paid = S(Do not round until the final answer. Then round to the nearest cent as needed.)

The loan here is an amortized loan. An amortized loan is that loan in which interest is charged on…

Tricana Corporation borrowed $79,000.00 at 3% compounded quarterly for 8 years to buy a warehouse. Equal payments are made at the end of every 3 months. (a) Determine the size of the quarterly payments. (b) Compute the interest included in payment 12. (c) Determine the principal repaid in payment period 9. (d) Construct a partial amortization schedule showing details of the first three payments, the last three payments, and totals.

Tricana Corporation borrowed $79,000.00 at 3% compounded quarterly for 8 years to buy a warehouse. Equal payments are made at the end of every 3 months. (a) Determine the size of the quarterly payments. (b) Compute the interest included in payment 12. (c) Determine the principal repaid in payment period 9. (d) Construct a partial amortization schedule showing details of the first three payments, the last three payments, and totals.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Complete the following: Note: Do not round intermediate calculations. Round your final answers to the nearest cent. Amount of invoice Terms Invoice date Actual partial payment made Date of partial payment Amount of payment to be credited Balance outstanding $ 600 4/10, n/60 7/5 $ 400 7/14 $ 400.00 $ 400.00
Complete the following: (Do not round intermediate calculations. Round your final answers to the nearest cent.) Amount of Actual partial payment made Date of partial payment Balance outstanding Amount payment to be credited Terms Invoice date of invoice 645 3/10, n/60 7/19 %$4 445 7/28 200.00 %24 %24 %24
Complete the following: Note: Do not round intermediate calculations. Round your final answers to the nearest cent. Amount of invoice 695 Terms 4/10, n/60 Invoice date 7/24 Actual partial Date of partial payment made payment 7/28 $ 495 Amount of payment to be credited Balance outstanding
Complete the following: (Do not round intermediate calculations. Round your final answers to the nearest cent.). Amount of invoice $ 705 Terms 5/10, n/60 Invoice date 7/25 Actual partial payment made $ 505 Date of partial payment 7/29 Amount of payment to be credited Balance. outstanding
Take me to the text Fill in the blanks for each of the following independent scenarios (A-D). Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole number. Scenario Annual Net Cash Flow Discount Rate Number of Payments Present Value of Annuity Factor Present Value of Annuity $ A $20,000.00 $ 10% 4.3553 B % 2 1.6901 $82,814.90 $ C $21,000.00 6% 7.3601 D $8,000.00 9% 4.4859 $35,887.20
Complete the following: Note: Do not round intermediate calculations. Round your final answers to the nearest cent. $ Amount of invoice 690 Terms 2/10, n/60 Invoice date 7/14 X Answer is complete but not entirely correct. Amount of payment to be credited Actual partial payment made $ 490 Date of partial payment 7/23 499.80 Balance outstanding 190.20
To calculate the withdrawal amount from an account in which you want to maintain a static balance, you use the __________________ formula. Group of answer choices Installment Payment Simple Interest Annuity Compound Interest
In cell D7, enter a formula without using a function that multiples the Monthly_Payment (cell D6) by the Term_in_Months (cell D5) and then subtracts the Loan_Amount (cell B8) from the result to determine the total interest. In cell D8, enter a formula without using a function that adds the Price (cell B6) to the Total_Interest (cell D7) to determine the total cost.
In credit terms of 3/15, n/45, the "3" represents the Oa. number of days in the discount period Ob. number of days when the entire amount is due Oc. percent of the cash discount )d. full amount of the invoice
In credit terms of 2/10, n/30 the "2" represents the O A. Number of days in the discount period O B. Full amount of the invoice C. Number of days when the entire amount is due O D. Percent of the cash discount
Suppose your business has secured a line of credit and receives the accompanying statement of account for the month of March. The limit on your line of credit is $1000.00. You receive daily interest of 1.1% p.a. on positive balances and pay daily interest of 6% p.a. on negative (line of credit) balances. Overdraft interest is 19% p.a. on the daily amount exceeding your line of credit limit. There is a service charge of $5.00 for each transaction causing an overdraft or adding to an overdraft. Use this information to complete parts (a) through (e) below. E Click the icon to view the statement for the month of March.
How do you find the amount of payment to be credited and the balance outstanding when you know the amount of invoice is $600, the terms are 4/10 and n/60, the invoice date is 7/5, the actual partial payment made is $400, and the date of partial payment is 7/14?

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