### Question Description

Hi, Please provide answers for the Mini Cases attached.

There are 3 different cases, if you scroll down you will see it.

If you have any other questions please let me know.

Thanks for your help.

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## Final Answer

Attached.

Surname 1

Name

Supervisor

Course

Date

QUESTION 1

a. Rate of interest = 6%

Principal = $25,000

Payment periods = 4 years

Compound amount is calculated from the following formula

Payment =

From the formula above r = 0.06

N= 4

PV = 25000

0.06 𝑋 25000

The yearly payments are: 1−(1−0.06)−4 = $7, 214.79

The amortization table is as follows:

Year

1

2

3

4

Beginning

Balance

$

25,000.00

$

...

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