Question: Refer to the below amortisation schedule. A B C D E n 10 2 Period Interest Rate, i 6.00% End-of- Beginning-of- period 3 Period period
Refer to the below amortisation schedule. A B C D E n 10 2 Period Interest Rate, i 6.00% End-of- Beginning-of- period 3 Period period Balance Interest Repayment Balance 4 1 $ 100,000 $ 6,000.00 -$13,586.80| $ 92,413 92,413 $ 5,544.79 -$13,586.80 $ 84,371 $ 84,371 $ 5,062.27 -$13,586.80 $ 75,847 S 75,847 $ 4,550.80 -$13,586.80 $ 66,811 5 $ 66,811 $ 4,008.64 $13,586.80 $ 57,233 6 $ 57,233 $ 3,433.95 $13,586.80 $ 47,080 10 7 $ 47,080 $ 2,824.78 $13,586.80 $ 36,318 11 8 $ 36,318 $ 2,179.06 -$13,586.80 $ 24,910 12 9 $ 24,910 $ 1,494.60 $13,586.80 $ 12,818 13 10 $ 12,818 $ 769.06 -$13,586.80 -$ To calculate the amount of the principal repaid from period 0 to period 5, we could use the formula: Select one: O A. =CUMINT (rate, nper, pv, start_period, end_period, type) O B. =-CUMIPMT(rate,nper,pv, start_period, end_period, type) O C. =RATE(rate,nper,pv,start_period, end_period, type) O D. =$B4-$E8 Clear my choice
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
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!