Question: this is wrong answer please provide me right answer. thankyou Question 3 of 4 Catherine received a loan of $23,000 at 6.5% compounded semi-annually. She



this is wrong answer please provide me right answer. thankyou
Question 3 of 4 Catherine received a loan of $23,000 at 6.5% compounded semi-annually. She had to make payments at the end of every half-year for a period of 7 years to settle the loan. a. Calculate the size of payments. 35,990.57 Round to the nearest cent b. Fill in the partial amortization schedule for the loan, rounding your answers to two decimal places. 1. Question 3 of 4 b. Fill in the partial amortization schedule for the loan, rounding your answers to two decimal places. Payment Interest Portion Payment Number Principal Portion Principal Balance 0 $23,000.00 $5,103.27 $2,987.40 $2,115.87 $20.884.13 1 x X $5,103.26 $2.682.30 $2,420.96 $18.463.17 2. > Question 3 of 4 .. :: 6 $5,103.26 $953.85 $4,149.41 $4,747.74 x X 7 $5,103.26 $355.53 $4,747.74 0.00 X $35,722.83 $12,772.85 30,000.01 Total
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
