Construct an amortization schedule

Assignment Help Accounting Basics
Reference no: EM132707449

Question - A debt of P100000 is to be discharged by ten semi-annual payments, the first to be made 6 months after the loan is given. The debt will be discharged by 5 equal payments each 10,000 and 5 other equal payments of such amount that the final payment will liquidate the debt. If interest is 12% compounded semi-annually, what is the amount of the last 5 payments. Construct an amortization schedule.

Reference no: EM132707449

Questions Cloud

Compare managed care and case management : Compare and contrast managed care and case management. Discuss four milestones in the history and evolution of case management systems.
Management and leadership address each type of business : How should management and leadership address each type of business? Discuss the organizational structure of one traditional and one online retailer
What is the balance of the loan on december : On March 20th , 2007 Janet and Dennis obtained a $185,000, 25-year home loan at 5.95% interest compounded monthly. Their first payment was due on April 20th
What is the weighted average number of shares outstanding : On January 1, 20X5, Solace Medical Corp. What is the weighted average number of shares outstanding (WASO) as at December 31, 20X5?
Construct an amortization schedule : If interest is 12% compounded semi-annually, what is the amount of the last 5 payments. Construct an amortization schedule
You assess marx view of human nature : How would you assess Marx's view of human nature - species being?
Characterize modern thought on crime : What principles from the Classical School continue to characterize modern thought on crime? In terms of criminal justice practice and policy,
Provide the impact on earnings after taxes : Provide the impact on 'Earnings AFTER taxes' for the year ended December 31, 2016 and December 31, 2017 for Delta Ltd. (show your calculations)
Was there reading that you found particularly enlightening : Having explored the ideas presented in the class, you hopefully found something to pique your interest. Was there a reading that you found particularly.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much of the money will each partner receive

How much of this money will each partner receive if profits and losses are allocated to Adams, Baker, Carvil, and Dobbs on a 1:3:3:3 basis, respectively?

  Discuss what is the ending balance in retained earnings

If the company is in operation for only one month and has no beginning balance n retained earnings, what is the ending balance in retained earnings

  Determine amortize premium or discount on interest dates

A bond amortization schedule using the effective-interest method for discount and premium amortization. Amortize premium or discount on interest dates

  Determine the cost of merchandise sold for each sale

Assume that the business in Exercise 7-3 maintains a perpetual inventory system, costing by the last-in, first-out method.

  Compute the acid-test ratio and current ratio

Frizell Company has the following comparative balance sheet data. Compute the Acid-test ratio and Current ratio

  How record issuance of the bonds on june

How Record issuance of the bonds on June 30, 2016, the payment of interest at December 31, 2016, and the semi-annual interest payment on June 30, 2017

  What the excess tax depreciation amount is

Nana, at the end of Year 9, when moving from pretax net income (PTNI) to taxable income (TI), what the excess tax depreciation amount is

  Discuss any differences in the sales processes

Discuss any differences in the sales processes between the online sales and the in-store sales processes, including any differences in data

  From the ledger balances given below prepare a trial balance

From the ledger balances given below, prepare a trial balance for the Cleland Company at June 30, 2010. List the accounts in the order shown on page 61 of the text. All account balances are normal.

  About health plans and benefits

Go to the United States Department of Labor Website to read " Health Plans and Benefits". This Website communicates the current regulations and federal involvement in employee benefits. Navigate the Website to become familiar with its contents

  Calculate the adjusted basis of his new residence

On December 15, 2012, Ted purchases and occupies a new residence at a cost of $175,000. Calculate the adjusted basis of his new residence

  Journalize the sale transaction for the restaurant

Suppose Pana's processor charges a 1% fee and deposits sales using the gross method. Journalize the sale transaction for the restaurant

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd