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1
1.. Prepare an amortization schedule for a three year loan of $63,000. The interest rate is 10 percent per year, and the loan calls for equal annual payments. How much total interest is paid over the life of the loan? (Leave no cells blank. Enter 'o' where necessary. Do not round intermediate calculations and round your answers to 2 decimal places, e.g. 32.16.) Total Beginning Interest Principal Ending Year Balance Payment Payment Payment Balance 1 M 3 Total interest $ References eBook & Resources Worksheet Learning Objective: 05-03 Describe how loans are amortized or paid off. Difficult 2 Intermediate Section Loan Tswandelion 2 3:12 AM 18/09/2020
2.Mr. Mao was an employee in a private company way back in 2018 where his position is a line supervisor that ranks a salary of P350,000.00 annually. Because he is dedicated, hardworking and an efficient labourer after two years he was promoted to a top managerial position where his monthly salary now is P550,000.00. He signed another three (3) years of contract in the same position.
Refer to table from the BIR Income Tax Rate
Question:
1. How much did Mr. Mao pay in his taxes at the year-end 2018?
2. How much did he pay his taxes after he was promoted?
3. How much will he pay after three (3) years in the company?
3.
|
The next dividend payment by Savitz, Inc., will be $1.48 per share. The dividends are anticipated to maintain a growth rate of 5 percent forever. The stock currently sells for $27 per share. |
| a. |
What is the dividend yield? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
| b. | What is the expected capital gains yield? (Enter your answer as a percent.) |
Expert Solution
1.
| Year | Begining Balance | Total Payment | Interest payment | Principal payment | Ending Balance |
| 1 | 63000 | 25333 | 6300 | 19033 | 43967 |
| 2 | 43967 | 25333 | 4397 | 20936 | 23031 |
| 3 | 23031 | 25334 | 2303 | 23031 | 0 |
| Total Interest | 13000 |
Working -
Loan Amount - 63000
Year - 3
Interest rate - 10%
Annuity of $ 1 @10% in 3 years comes to -
| 1 | 0.909091 |
| 2 | 0.826446 |
| 3 | 0.751315 |
| 2.486852 |
so Equated yearly Installments will be = 63000/2.486852 = 25333 $
2.Please use this google drive link to download the answer file.
https://drive.google.com/file/d/1dXjXCwvVAczodsSawe9UV14fhz9OlkCC/view?usp=sharing
Note: If you have any trouble in viewing/downloading the answer from the given link, please use this below guide to understand the whole process.
https://helpinhomework.org/blog/how-to-obtain-answer-through-google-drive-link
3.
a. dividend yield = next dividend payment / stock price
=>$1.48 / 27*100
=>5.48%.
b. expected capital gains yield in case of stock with constant growth rate will be same as constant growth rate = 5%.
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