Complete the table for the last three payments.(Do not round until the final answer. Then round to the nearest cent as needed.)Payment NumberAmount PaidInterest PaidPrincipal RepaidOutstanding Principal Balance343536$OTotal Paid = $(Do not round until the final answer. Then round to the nearest cent as needed.)Interest Paid = S(Do not round until the final answer. Then round to the nearest cent as needed.) Tricana Corporation borrowed $80,000.00 at 4% compounded quarterly for 9 years to buy a warehouse. Equal payments are made at the end of every 3 months.(a)(b)(c)(d)Determine the size of the quarterly payments.Compute the interest included in payment 16.Determine the principal repaid in payment period 11.Construct a partial amortization schedule showing details of the first three payments, the last three payments, and totals.(a) The size of the quarterly payment is S(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)(b) The interest included in payment 16 is $.(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)(c) The principal repaid in payment period 11 is $(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)(d) Complete the table below for the first three payments in the schedule.(Do not round until the final answer. Then round to the nearest cent as needed.)Payment NumberAmount PaidInterest PaidPrincipal RepaidOutstanding Principal Balance$80,000.00123

Amortization Schedule: It represents a table consisting of the periodic loan payments, interest…

(a) The size of the quarterly payment is S. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The interest included in payment 16 is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (e) The principal repaid in payment period 11 is S]. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

(a) The size of the quarterly payment is S. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The interest included in payment 16 is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (e) The principal repaid in payment period 11 is S]. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 1PA: On January 1, 2018, King Inc. borrowed $150,000 and signed a 5-year, note payable with a 10%...

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