Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. 1. construct an amortization schedule for a s1,000

1. Construct an amortization schedule for a s1,000, 128 nominal rate loan with 24 month...

80.2K

Verified Solution

Question

Finance

image
1. Construct an amortization schedule for a s1,000, 128 nominal rate loan with 24 month equal payments. Fill blank cells. Month Beginning MonthlyInterest PrincipalEnding Balance Payment Payment Payment Balance 24 Total a. Find monthly payment: b. Find interest payment: periodic rate- interest payment c. Find principal payment: monthly payment interest payment - d. Ending balance beginning balance principal payment e. Total monthly monthly payment x 24 - f. Total interest payment total monthly payment total princtpal payment

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The denominator of a fraction is 4 more than the numerator. If both the numerator and...

Basic Math
Q

Describe in detail how the respiratory, circulatory, and urinary systems would react to a sudden and...

Medical Sciences
Q

3. You have just been hired as the Labour Relations Coordinator at a public sector organization....

Economics
Q

20 C charge is placed inside a closed surface then flux related to surface is...

Physics
Q

ma 13 On an object of mass 1 kg moving along x axis with constant...

Physics
Q

Which type of path straight curved circular or scattered is determined by a a roller...

Geometry
Q

Axel swam 32 laps at the pool. Thenumber of laps that he swam was 2more...

Basic Math
Q

Rally Synthesis Inc. fabrica y vende 80 botellas por da. Los...

Accounting
Q

Razor Technologies reported $127,000 of income for the year by using variable costing. The company...

Accounting
Q

Beginning inventory, purchases, and sales data for tennis rackets are as follows: Assuming the business...

Accounting
Q

Advanced Scenario 3: question Retest tax preparation test

Accounting
Q

Question 3 1 Point Euronotes take several forms; a euronote issuance facility (NIF) is one...

Finance