Question: X Problem 8-9 (algonthmic) Question Help Delos Debt Renegotiations (A). Delos borrowed 80 million two years ago. The loan agreement, an amorturing loan, was for


X Problem 8-9 (algonthmic) Question Help Delos Debt Renegotiations (A). Delos borrowed 80 million two years ago. The loan agreement, an amorturing loan, was for six years at 8.623% interest per annum Delos has successfully completed two years of debt service, but now wishes to renegotiate the forms of the loan with the lender to reduce its annual payments a. What were Delos's annual principal and interest payments under the original loan agreement? b. After two years debt service, how much of the principal is still outstanding? c. If the loan were restructured to extend another two years, what would be the annual payments principal and interest? Is this a significant reduction from the original agreement's annual payments? a. What were Delos's annual principal and interest payments under the orginal loan agreement? Delos's annual payment under the original loan agreement is (Round to two decimal places.) Enter your answer in the answer box and then click Check Answer 9 remaining O pants Clear Al Check Answer Delo's annual payment under the original loan agreement is 17,635, 193.02 Round to two decimal places. The annual principal and interest payments are: (Round to two decimal places.) Current balance 80,000,000 69.265,606,98' 57,605,255 22' 44.900,10238 31,180,356 33 16.234,780.86 Payments Interest 5,000 30000 5,974 851.26 4,969,030,18 3,876.446.97 Principal 10,734,393.02 11,660,341.76 12.666,162 13.758,746.05 2.689.617.54 1.400.412 20 145755624 TO b. Ahor two years debt service, how much of the principal is still outstanding? Aher two years et service, the outstanding principalis 57.505.265 22. Round to two decimal places) c. If the loan were restructured to extend another two years, what would be the annual payments principal and interest? Is this a significant reduction from the original agreements annual payments? Delos's annual payment would now be 12.698.499 54 (Round to two decimal places. The annual principal and interest payments are: (Round to two decimal places) This question is complete. Move your cursor over or tap on the red arrows to see incorrect answers. All parts showing Similar Question Delo's annual payment under the original loan agreement is 17,635, 193.02 Round to two decimal places. The annual principal and interest payments are: (Round to two decimal places.) Current balance 80,000,000 69.265,606,98' 57,605,255 22' 44.900,10238 31,180,356 33 16.234,780.86 Payments Interest 5,000 30000 5,974 851.26 4,969,030,18 3,876.446.97 Principal 10,734,393.02 11,660,341.76 12.666,162 13.758,746.05 2.689.617.54 1.400.412 20 145755624 TO b. Ahor two years debt service, how much of the principal is still outstanding? Aher two years et service, the outstanding principalis 57.505.265 22. Round to two decimal places) c. If the loan were restructured to extend another two years, what would be the annual payments principal and interest? Is this a significant reduction from the original agreements annual payments? Delos's annual payment would now be 12.698.499 54 (Round to two decimal places. The annual principal and interest payments are: (Round to two decimal places) This question is complete. Move your cursor over or tap on the red arrows to see incorrect answers. All parts showing Similar Question X Problem 8-9 (algorithmic) Question Help Delos Debt Renegotiations (A). Delos borrowed 80 million two years ago. The loan agreement, an amortizing loan, was for six years at 8.623% interest per annum. Delos has successfully completed two years of debt-service, but now wishes to renegotiate the terms of the loan with the lender to reduce its annual payments. a. What were Delos's annual principal and interest payments under the original loan agreement? b. After two years debt service, how much of the principal is still outstanding? c. If the loan were restructured to extend another two years, what would be the annual payments-principal and interest? Is this a significant reduction from the original agreement's annual payments? a. What were Delos's annual principal and interest payments under the original loan agreement? Delos's annual payment under the original loan agreement is . (Round to two decimal places.) Enter your answer in the answer box and then click Check Answer. Clear All Check Answer 9 remaining
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
