Outstanding principal – refers to the amount of debt still unpaid
Amortization schedule – a table which shows how a debt is completely repaid through periodic payments, parts of which go to interest payments and principal repayments
17. A loan is to be amortized via equal payments of Php119,764.71 each at the end of six months for 9 years. If the interest is based on 10% compounded semi-annually, find
17. A loan is to be amortized via equal payments of Php119,764.71 each at the end of six months for 9 years. If the interest is based on 10% compounded semi-annually, find
17. A loan is to be amortized via equal payments of Php119,764.71 each at the end of six months for 9 years. If the interest is based on 10% compounded semi-annually, find
17. A loan is to be amortized via equal payments of Php119,764.71 each at the end of six months for 9 years. If the interest is based on 10% compounded semi-annually, find
19. Goriotik obtains a Php13M bank loan at 12% interest compounded semi-annually to construct another studio. The company repays the loan by paying Php0.5M every 6 months. What is the outstanding principal after the 10 th payment?
21. A Php1.75M loan is to be repaid through annual payments of Php360,000. Construct an amortization schedule up to the end of the third period if effective interest rate is 9%.
16.
Period Regular payment Interest payment Principal repayment Outstanding balance
17.
Period Regular payment Interest payment Principal repayment Outstanding balance 0 1,750,000 1 2 3
18.
Period Regular payment Interest payment Principal repayment Outstanding balance 0 1,750,000 1 360,000 157,500 202,500 1,547,500 2 3
27. How much will be the quarterly amortization for a Php1.34M loan with interest at 10% converted quarterly for a term of 6 years? How much interest will be paid on the 4th payment? What is the outstanding principal in 5 years?
27. How much will be the quarterly amortization for a Php1.34M loan with interest at 10% converted quarterly for a term of 6 years? How much interest will be paid on the 4th payment? What is the outstanding principal in 5 years?
27. How much will be the quarterly amortization for a Php1.34M loan with interest at 10% converted quarterly for a term of 6 years? How much interest will be paid on the 4th payment? What is the outstanding principal in 5 years?
27. How much will be the quarterly amortization for a Php1.34M loan with interest at 10% converted quarterly for a term of 6 years? How much interest will be paid on the 4th payment? What is the outstanding principal in 5 years?
29. To restructure a loan payment supposedly due now, a debtor agrees to Php111,500 payment at the end of each 6 months for 4 years including interest payments at 7%, m = 2.
a) Determine the outstanding principal after the 4 th payment.
b) What part of the 7 th payment is interest payment?
c) What part of the 7 th payment is allotted for principal repayment?
29. To restructure a loan payment supposedly due now, a debtor agrees to Php111,500 payment at the end of each 6 months for 4 years including interest payments at 7%, m = 2.
a) Determine the outstanding principal after the 4 th payment.
29. To restructure a loan payment supposedly due now, a debtor agrees to Php111,500 payment at the end of each 6 months for 4 years including interest payments at 7%, m = 2.
b) What part of the 7 th payment is interest payment?
29. To restructure a loan payment supposedly due now, a debtor agrees to Php111,500 payment at the end of each 6 months for 4 years including interest payments at 7%, m = 2.
c) What part of the 7 th payment is allotted for principal repayment?
1. A debt of Php450,000 will be amortized by semi-annual payments of Php58,000 for as long as necessary. If interest is paid at 5 ½% compounded semi-annually, find
1. A debt of Php450,000 will be amortized by semi-annual payments of Php58,000 for as long as necessary. If interest is paid at 5 ½% compounded semi-annually, find
1. A debt of Php450,000 will be amortized by semi-annual payments of Php58,000 for as long as necessary. If interest is paid at 5 ½% compounded semi-annually, find
3. A Php25,000 office equipment is bought with a downpayment of Php5,000 and monthly installments of Php2,000. If the buyer pays 18% interest compounded monthly,
a) how much will be the outstanding principal after the 5 th installment?
b) how much interest is paid on the 9 th installment?
c) how much of the principal has been reduced by the 7 th installment?
3. A Php25,000 office equipment is bought with a downpayment of Php5,000 and monthly installments of Php2,000. If the buyer pays 18% interest compounded monthly,
a) how much will be the outstanding principal after the 5 th installment?
3. A Php25,000 office equipment is bought with a downpayment of Php5,000 and monthly installments of Php2,000. If the buyer pays 18% interest compounded monthly,
b) how much interest is paid on the 9 th installment?
3. A Php25,000 office equipment is bought with a downpayment of Php5,000 and monthly installments of Php2,000. If the buyer pays 18% interest compounded monthly,
c) how much of the principal has been reduced by the 7 th installment?
3. A Php25,000 office equipment is bought with a downpayment of Php5,000 and monthly installments of Php2,000. If the buyer pays 18% interest compounded monthly,
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