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ozzi
3 years ago
6

Prepare an amortization schedule for a three-year loan of $84,000. The interest rate is 9 percent per year, and the loan calls f

or equal annual payments. How much total interest is paid over the life of the loan
Business
1 answer:
Keith_Richards [23]3 years ago
7 0

Answer:

Amortization Schedule

Year   Payment       Principal          Interest           Balance

1        35,560.00     28,000.00      7,560.00         56,000.00

2       33,040.00     28,000.00      5,040.00         28,000.00

3       30,520.00     28,000.00      2,520.00         0.00

Explanation:

Loan of $84,000.00 at 9% interest  with 3 annual payments  at Constant Principal Payments of  $28000 .

Total Payments: $99,120.00 Total Interest: $15,120.00

The Interest payment and principal amount is gradually decreased with principal value of the loan. The principal value at the end of the year 3 is zero.

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All the following are benefits of attending a community college except that
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its easier to receive a bachelor's degree there.

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3 years ago
Ryan Lock had planned his trip to the Olympic Games in Rio de​ Janeiro, Brazil, for many months. He had ​budgeted-saved-$15 comm
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Answer:

He should have exchanged the dollars for real in January 2016 to maximize his Brazilian spending​. The exchange rate in January will result to highest Real (BRL) of R$<em>59,463.00</em>

Explanation:

To arrive at R$ equivalent of $15,000 on monthly basis, since  BRL=1.00 USD, multiply R$ exchange rate each month by $15,000.

For January,  3.9642*15,000= R$59,463.00

     February  3.8402*15,000= $57,603.00, etc.

Solution  

S/N Month      BRL=1.00 USD          BRL Equivalent(R$)

1 January              3.9642              59,463.00

2 February            3.8402               57,603.00

3 March                 3.6086               54,129.00

4 April                    3.6851                55,276.50

5 May                     3.5843               53,764.50

6 June                    3.5493               53,239.50

7 July                      3.2331               48,496.50

8 Aug-08                3.2312               48,468.00

8 0
3 years ago
PLEASE HURY
horsena [70]

Answer:

your answer is C I am not 100% sure

7 0
2 years ago
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The service or tool that could be used for gaining the benefits should be AWS  Orgs.

The information related to AWS Orgs is as follows:

  • AWS Organization should be an account management service.
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Therefore we can conclude that the service or tool that could be used for gaining the benefits should be AWS  Orgs.

Learn more about discounts here: brainly.com/question/3541148

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3 years ago
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