Question: LanTech I.T. obtained a $86350 loan at 6.5% compounded annually to add more hardware to their gaming facility. Monthly payments were calculated to amortize the

LanTech I.T. obtained a $86350 loan at 6.5% compounded annually to

LanTech I.T. obtained a $86350 loan at 6.5% compounded annually to add more hardware to their gaming facility. Monthly payments were calculated to amortize the loan over nine years. Fill in the partial amortization schedule showing details of the first two payments, Payments 43 and 44, and the last two payments. (Round answer to 2 decimal places) Payment Payment Number Interest Portion Principal Portion Principal Balance 86350.00 1050.16 1050.16 1050.16 1050.16 107 1050.16 108 Totals

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!

Part A Cont'd: Three Problems - 1 0 marks each 2 . LanTech I.T . obtained a $ 9 0 , 0 0 0 loan at 6 . 5 % compounded annually to add more hardware to their gaming facility. Monthly payments were...

LanTech I.T . obtained a $ 9 0 , 0 0 0 loan at 6 . 5 % compounded annually to add more hardware to their gaming facility. Monthly payments were calculated to amortize the loan over nine years. Fill...

Business Math Please Answer Correctly! LanTech I.T. obtained a $88700 loan at 6.5% compounded annually to add more hardware to their gaming facility. Monthly payments were calculated to amortize the...

LanTech I.T. obtained a $86800 loan at 6.5% compounded annually to add more hardware to their gaming facility. Monthly payments were calculated to amortize the loan over nine years. Fill in the...

2 LanTech I.T. obtained a $85350 loan at 6.5% compounded annually to add more hardware to their gaming facility. Monthly payments were calculated to amortize the loan over nine years. Fill in the...

Clark Kent obtained a loan for $91750 at the rate of 6.5% compounded annually to pay for his dad`s tractor in Smallville. Monthly payments were calculated to amortize the loan over nine years. Fill...

Business Math Please Answer everything correctly! Clark Kent obtained a loan for $92200 at the rate of 6.5% compounded annually to pay for his dad's tractor in Smallville. Monthly payments were...

Dr.Ramsey Please assist me with my discussion post. Subject: Annuities Systematic risk evaluates the probability and extent of negative consequences to the larger body. For example, the government...

Need help figuring out problem #40, #42, and #45 in the attached document. I have the answers for the problems, but need to see how they are worked out. FIN 142 - Real Estate Finance Problem Set 2 1....

Q1. (20 marks) If 6 = 2 = X+2, and 63 = are estimators of the parameter of a binomial , - n+2 3 proportion with = for what values of n is 2 a) the mean square error of less than the variance of ; b)...

Jeffrey Wingate and Jill Gifford have agreed to form FreshNow, Inc., an organic wholesale food distributor. Mr. Wingate transfers $900,000 in cash and services valued at $100,000 in exchange for 10%...

Which of the following best describes liquidity effects on small stocks? Multiple choice question. CHOOSE THE CORRECT OPTION Investors demand higher risk premiums due to lower liquidity of small firm...

Corporate valuation Barrett Industries invests a large sum of money in R&D; as a result, it retains and reinvests all of its earnings. In other words, Barrett does not pay any dividends, and it has...