What is outstanding balance and total PRN and Total INT for the 3 year ...
90.2K
Verified Solution
Link Copied!
Question
Accounting
What is outstanding balance and total PRN and Total INT for the 3 year
Calculator 15 Year Amortization 20 Year Amortization 25Year Amortization 12 12 12 N e 180 3.89% $ 345,800 $2,538.82 240 -3.89%, $ 345,800 $2,075.49 300 3.89% $ 345,800 $1,804.32 0 PV = PMT Analysis of what P1 1 happened over the first five (3) years P1 = 1 P1-1 P2 60 P2 60 P2 = 60 BAL Outstanding !BAL Outstanding = |BAL Outstanding Total PRN- Total PRN Total PRN= Total INT = Total INT Total INT
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
