What is the situation that best describes the following amortization schedule? Payment # Amount Paid Interest Portion Principal Portion Principal Balance 12,000.00 1 3,132.39 210.00 2,922.39 9,077.61...


What is the situation that best describes the following amortization schedule?<br>Payment # Amount Paid Interest Portion Principal Portion Principal Balance<br>12,000.00<br>1<br>3,132.39<br>210.00<br>2,922.39<br>9,077.61<br>2<br>3,132.39<br>158.86<br>2,973.53<br>6,104.08<br>3,132.39<br>106.82<br>3,025.57<br>3,078.51<br>4<br>3,132.38<br>53.87<br>3,078.51<br>0.00<br>Total<br>12,529.55<br>529.55<br>12,000.00<br>a. Reuben received a loan of $12,000 from a bank to purchase office supplies. He obtained the loan at an interest rate<br>of 7% compounded quarterly for 1 year. Calculate the size of her end-of-quarter payments and construct an<br>amortization schedule for his loan.<br>b. Fabrizio received a loan of $12,000 from a bank to purchase office supplies. He obtained the loan at an interest rate<br>of 70% compounded quarterly for 1 year. Calculate the size of her end-of-quarter payments and construct an<br>amortization schedule for his loan.<br>C. Reuben received a loan of $12,000 froma bank to purchase office supplies. He obtained the loan at an interest rate<br>of 7% compounded every six months for 2 years. Calculate the size of her end-of-quarter payments and construct an<br>amortization schedule for his loan.<br>d. Reuben received a loan of $12,000 from a bank to purchase office supplies. He obtained the loan at an interest rate<br>of 9% compounded quarterly for 1 year. Calculate the size of her end-of-quarter payments and construct an<br>amortization schedule for his loan.<br>3.<br>

Extracted text: What is the situation that best describes the following amortization schedule? Payment # Amount Paid Interest Portion Principal Portion Principal Balance 12,000.00 1 3,132.39 210.00 2,922.39 9,077.61 2 3,132.39 158.86 2,973.53 6,104.08 3,132.39 106.82 3,025.57 3,078.51 4 3,132.38 53.87 3,078.51 0.00 Total 12,529.55 529.55 12,000.00 a. Reuben received a loan of $12,000 from a bank to purchase office supplies. He obtained the loan at an interest rate of 7% compounded quarterly for 1 year. Calculate the size of her end-of-quarter payments and construct an amortization schedule for his loan. b. Fabrizio received a loan of $12,000 from a bank to purchase office supplies. He obtained the loan at an interest rate of 70% compounded quarterly for 1 year. Calculate the size of her end-of-quarter payments and construct an amortization schedule for his loan. C. Reuben received a loan of $12,000 froma bank to purchase office supplies. He obtained the loan at an interest rate of 7% compounded every six months for 2 years. Calculate the size of her end-of-quarter payments and construct an amortization schedule for his loan. d. Reuben received a loan of $12,000 from a bank to purchase office supplies. He obtained the loan at an interest rate of 9% compounded quarterly for 1 year. Calculate the size of her end-of-quarter payments and construct an amortization schedule for his loan. 3.

Jun 09, 2022
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