This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Amortization tables are useful for each of the following reasons EXCEPT: A) determining the ... (Read 59 times)

Alainaaa8

  • Hero Member
  • *****
  • Posts: 576
on: Jul 10, 2018
Amortization tables are useful for each of the following reasons EXCEPT:
 
  A) determining the principal balance due if the loan is being paid off early.
  B) determining how much of a total payment is interest and how much is principal for tax purposes.
  C) determining the regular periodic total payment.
  D) All of these are useful purposes of an amortization table.

Question 2

Your firm intends to finance the purchase of a new construction crane. The cost is 1,500,000. What is the size of the annual ordinary annuity payment if the loan is amortized over a ten-year period at a rate of 8.50?
 
  A) 228,611.56
  B) 127,500.00
  C) 3,391,475.16
  D) There is not enough information to answer this question.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Loise Hard

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jul 10, 2018
Answer to Question 1

Answer: D

Answer to Question 2

Answer: A
Explanation: A)
PMT = PV / = 1,500,000 / = 228,611.56.
MODE = END
INPUT 10 8.5 1,500,000 ? 0
KEY N I/Y PV PMT FV
CPT 228,611.56


Alainaaa8

  • Hero Member
  • *****
  • Posts: 576
Reply #2 on: Jul 10, 2018
Thank you


Loise Hard

  • Sr. Member
  • ****
  • Posts: 340
Reply #3 on: Jul 10, 2018
No problemo


« previous next »
 

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Steps in determining the structure of sperm whale myoglobin by x-ray crystallography Steps in determining the structure of sperm whale myoglobin by x-ray crystallography
The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p
Determining the extent of a burn: (A) rule of nines (adults); (B) Lund-Browder chart (children). Determining the extent of a burn: (A) rule of nines (adults); (B) Lund-Browder chart (children).
Role of Productivity in Determining Output per Worker, 2009 Role of Productivity in Determining Output per Worker, 2009
Role of Productivity in Determining Growth, 1975–2009 Role of Productivity in Determining Growth, 1975–2009
Sabrina's Fabric Land bought $5,000 of equipment at the beginning of 2015. Amortization ... Sabrina's Fabric Land bought $5,000 of equipment at the beginning of 2015. Amortization ...
Video: Introduction to Dysrhythmia

For a complete list of videos, visit our video library