Question: Business Math - Amortization Answer correctly please or I will dislike! Golden Dragon Restaurant obtained a $9,100 loan at 10% compounded annually to replace some

Business Math - Amortization

Answer correctly please or I will dislike!

Business Math - Amortization Answer correctly please or I will dislike! GoldenDragon Restaurant obtained a $9,100 loan at 10% compounded annually to replace

Golden Dragon Restaurant obtained a $9,100 loan at 10% compounded annually to replace some kitchen equipment. Prepare a complete amortization schedule if the loan is repaid by semiannual payments over a three-year term. (Do not round intermediate calculations. Round your answers to 2 decimal places. Leave no cells blank - be certain to enter "O" wherever required.) Payment number 0 Interest portion $ Principal portion $ Payment $ Principal balance $ 9,100.00 1 2 3 4 5 6 Monica bought a $2,000 4K Ultra HD TV 20% down and payments of $320 per month (except for a smaller final payment) including interest at 16% compounded monthly. Construct the full amortization schedule for the debt. Calculate the total interest paid. (Do not round intermediate calculations. Round your answers to 2 decimal places. Leave no cells blank - be certain to enter "O" wherever required.) Payment number 0 Interest portion $ Principal portion $ Payment $ Principal balance $ 1,600.00 1 2 3 4 5 6 Total interest $

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!