2) A 40 year, $100, 000 loan with effective annual interest i = 4% is paid by making payments of K at the end of each year for the first 20 years and payments of K-250 at the end of each year for the next 20 years. Find K, and find the OB20 and OB30. Lastly, fill out the following amortization table for 3 years. t 0 1 2 3 Payment Interest Principle Repaid Outstanding Balance $100,000
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- Use aspreadsheet to create amortization schedules for the following five scenarios.What happens to the total interest paid under each scenario?a. Scenario 1:Loan amount: $1 millionAnnual rate: 5 percentTerm: 360 monthsPrepayment: $0b. Scenario 2: Same as 1, except annual rate is7 percentc. Scenario 3: Same as 1, except term is 180monthsd. Scenario 4: Same as 1, except prepayment is$250 per monthe. Scenario 5: Same as 1, except loan amount is$125,0002) A 30 year $100, 000 loan is made with effective annual interest i = 9% for the first 10 years and i = 7% for the next 20 years. The loan is paid off with constant yearly payments K beginning one year after the loan is made. Find K, and find the OB10 and OB25. Lastly, fill out the following amortization table for 3 years. Outstanding Principle Repaid Payment Interest Balance $100, 000 1 2 3.A N$1000 loan is repaid by annual payments of N$150, plus a smaller final payment. The first payment is made one year after the time of the loan and construct an amortization schedule and determine the size of the last payment interest rate=10% per annum time=3 years
- A $400 loan is to be amortized with eight quartely payments over 2 years. If the interest is at J4 = 10% a. Find the quartely payment b. Construct an amortization schedule for this loan payment.A 20 year/$10, 000 loan with interest i = 9% is to repaid with 12 payments of X at the end of each year, followed by 8 payments of 5X at the end of each year. Find X and fill out the following amortization table for 3 years. Explain in words why PR1, PR2, and PRa are all negative.Create an amortization table for a 15-yr fully amortizing, 6% loan for $10 million. Assume annual payments. What is the loan balance after year 5?
- A fully amortizing CAM loan is made for $132,000 at 6 percent interest for 20 years. Required: a. What will be the payments and balances for the first six months? b. What would payments be for a CPM loan? c. If both loans were repaid at the end of year 5, would the lender earn a higher rate of interest on either loan? Complete this question by entering your answers in the tabs below. Required A Required B Required C What will be the payments and balances for the first six months? (Round your intermediate calculations and final answers to the 2 decimal places.) Month 1 Month 2 Month 3 Total Payment End BalanceIn an amortization table for a four-year loan of $45,280, given an interest rate of 11%, how much will the principal payment be in the second year if the loan calls for equal payments? Select one: a.$15222.90 O b.$10,448.32 O c.$15,593 d.$10,671.69I need help with d. Basic ARM is made for $250,000 at an initial interest rate of 6 percent for 30 years with annual reset date. The borrower believes that the interest rate at the beginning of the year 2 will increase to 7 percent. a. Assuming that a fully amortizing loan is made, what will monthly payments be during year 1? PMT = $1498.88 b. Base on (a), what will the loan balance be at the end of year 1? FV = $246,929.97 c. Given that the interest rate is expected to be 7 percent at the beginning of year 2, what will monthly payments be during year 2? PMT = $1659.69 d. What will be the loan balance at the end of year 2?
- A loan of L is being amortized with payments at the end of each year for 10 years. If vs = 22/30, find expressions for the following in terms of (a) The amount of principal reapid in the first 5 payments. (b) The amount due at the end of 10 years if the final 5 payments are not made as scheduled(3) A man has a loan of 500,000 for 10 years at 6.5% annually with annual payments. His payments are 45,000 for the first 5 years and X for the next 5 years. Find X. Construct the amortization schedule for this loan." (4) An amortizedSuppose that you need an amount of money which equals to $10000000. It is possible to find it from bank A at an annual interest rate of 18% under 12 equal payment. If the first payment will be 1 month later the day you used the loan. Find the CF (Cash Flow), the equal payments and prepare the amortization table.
