Alpha Geek

(8)

$10/per page/Negotiable

About Alpha Geek

Levels Tought:
University

Expertise:
Accounting,Algebra See all
Accounting,Algebra,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Communications,Computer Science,Environmental science,Essay writing,Programming,Social Science,Statistics Hide all
Teaching Since: Apr 2017
Last Sign in: 438 Weeks Ago, 2 Days Ago
Questions Answered: 9562
Tutorials Posted: 9559

Education

  • bachelor in business administration
    Polytechnic State University Sanluis
    Jan-2006 - Nov-2010

  • CPA
    Polytechnic State University
    Jan-2012 - Nov-2016

Experience

  • Professor
    Harvard Square Academy (HS2)
    Mar-2012 - Present

Category > Accounting Posted 23 Apr 2017 My Price 4.00

ABC bank loans $250,000

 

Cornerstone  Exercise  9-46  INSTALLMENT NOTE

ABC bank loans $250,000 to Yossarian to purchase a new home. Yossarian will repay the note in equal monthly payments over a period of 30 years. The interest rate is 12 percent.

 

Required:

If the monthly payment is $2,571.53, how much of the first payment is interest expense and how much is principal repayment?

 

 
 

Answers

Alpha Geek
(8)
Status NEW Posted 23 Apr 2017 04:04 PM My Price 4.00

-----------

Attachments

file 1492966223-1398500_1_636283425289001202_Installment-loan.xlsx preview (95 words )
13-----------985-----------00&-----------amp-----------;am-----------p;i-----------nfo-----------Id=-----------421-----------844-----------Cor-----------ner-----------sto-----------neÂ-----------  E-----------xer-----------cis-----------e ----------- 9------------46Â-----------  I-----------NST-----------ALL-----------MEN-----------T N-----------OTE-----------ABC----------- ba-----------nk -----------loa-----------ns -----------$25-----------0,0-----------00 -----------to -----------Yos-----------sar-----------ian----------- to----------- pu-----------rch-----------ase----------- a -----------new----------- ho-----------me.----------- Yo-----------ssa-----------ria-----------n w-----------ill----------- re-----------pay----------- th-----------e n-----------ote----------- in----------- eq-----------ual----------- mo-----------nth-----------ly -----------pay-----------men-----------ts -----------ove-----------r a----------- pe-----------rio-----------d o-----------f 3-----------0 y-----------ear-----------s. -----------The----------- in-----------ter-----------est----------- ra-----------te -----------is -----------12 -----------per-----------cen-----------t.r-----------ate-----------$Ye-----------ars-----------Loa-----------n a-----------mou-----------nt -----------got-----------Per-----------iod----------- of----------- Mo-----------nth-----------ly -----------Ins-----------tal-----------lme-----------nt -----------rep-----------aym-----------ent-----------Ann-----------ual----------- In-----------ter-----------est----------- ra-----------teR-----------equ-----------ire-----------d:I-----------f t-----------he -----------mon-----------thl-----------y p-----------aym-----------ent----------- is----------- $2-----------,57-----------1.5-----------3, -----------how----------- mu-----------ch -----------of -----------the----------- fi-----------rst----------- pa-----------yme-----------nt -----------is -----------int-----------ere-----------st -----------exp-----------ens-----------e
Not Rated(0)