Amortized loans and amortization schedule problem

Assignment Help Financial Management

Reference no: EM13929519

An amortized loan is repaid with annual payments which start at 400 at the end of the first year and increase by 45 each year until a payment of 1480 is made, after which they cease. If interest is 4% effective, find the amount of principal in the fourteenth payment.

Reference no: EM13929519

Questions Cloud

What is weight of each stock in minimum variance portfolio : Consider two stocks, Stock D, with an expected return of 21 percent and a standard deviation of 37 percent, and Stock I, an international company, with an expected return of 7 percent and a standard deviation of 17 percent. The correlation between th..

Recorded the accrued interest on december : Show the effects of the above transactions in a horizontal statements model like the one shown below.

Contribution margin per unit : Product A has a contribution margin per unit of $500 and required 2 hours of machine time. Product B has a contribution margin per unit of $1,000 and requires 5 hours of machine time. How much of each product should be produced given there are 100 ho..

Compute the price of the bonds based on semiannual analysis : You are called in as a financial analyst to appraise the bonds of Olsen’s Clothing Stores. The $1,000 par value bonds have a quoted annual interest rate of 11 percent, which is paid semiannually. Compute the price of the bonds based on semiannual ana..

Amortized loans and amortization schedule problem : An amortized loan is repaid with annual payments which start at 400 at the end of the first year and increase by 45 each year until a payment of 1480 is made, after which they cease. If interest is 4% effective, find the amount of principal in the fo..

Compute the holding period return on the investment : The Treasury bill yield now stands at 8 percent, although it was 7 percent one year ago. A coin dealer has offered to pay you $12,800 for the coin. Compute the holding period return on this investment.

Sales-variable cost and fixed cost : Stellar Company has the following sales, variable cost, and fixed cost. If sales increase by $10,000 then their profit increases/decreases by how much? Sales $50,000 Variable Costs $8,400 Fixed Costs $27,000

What the actual intervals are for your curve : If you have the mean and standard deviation, calculate what the actual intervals are for your curve. Please include any citations regarding where you obtained your data for the curve

The incremental revenues for this situation : Carry-ALL plans to sell 1,300 carriers next year and has budgeted sales of $46,000 and profits of $22,000. Variable costs are projected to be $20 per unit. Michael Co. offers to pay $23,900 to buy 680 units from Carry-ALL. Total fixed costs are $7,00..

User Account

All Pages