According to an auto loan amortization calculator I should have had $126.00 towards interest for the 1st payment. My interest rate is 8.59%. Why so low for the 1st payment? Are they using a different amortization schedule? Did you get the amortization from the loan co or did you get your own? Call the loan [...]

Billy Bob Incorporated has a line of credit from the Down South National Bank that is due to be renewed on February 1. The bank has requested the company’s current Income Statement and Balance Sheet that appear below. Billy Bob Incorporated Income Statement Year Ended December 31 (in thousands) Revenue: Sales $60,000 Other 4,500 Total [...]

due to be renewed on February 1. The bank has requested the company’s current Income Statement and Balance Sheet that appear below. Billy Bob Incorporated Income Statement Year Ended December 31 (in thousands) Revenue: Sales $60,000 Other 4,500 Total revenue 64,500 Expenses: Cost of goods sold 40,500 Selling and administrative 11,625 Depreciation and amortization 1,875 [...]

Billy Bob Incorporated has a line of credit from the Down South National Bank that is due to be renewed on February 1. The bank has requested the company’s current Income Statement and Balance Sheet that appear below. Billy Bob Incorporated Income Statement Year Ended December 31 (in thousands) Revenue: Sales $60,000 Other 4,500 Total [...]

Anyone know how to find the interest payment on an amortization using excel spreadsheet? Loan of 6,155,307 for 25 years at 8.25%. I’m trying to find the payment for each year. Using my calculator I get 504,928 for the first year but with excel (i tried using IPMT function) I get a different number. Help [...]

How do I reprint the menu on blank screen here is the while loop while(option != 4) { printf("Welcome to the Amortization Calculator\n"); printf("please type the number of your chosen option:\n\n"); printf("(1)Calculate Loan Amount\n(2)Calculate Payment Amount\n" "(3)Calculate Number of Months\n(4)Quit\n\n"); scanf("%d", &option); char1 = (option == 1) ? ‘A’ : (option == 2) ? ‘B’ [...]

Part II You are going to buy a car that will need to be financed. You will need to look at different options and decide which will be the best choice for your situation. You will need to find a car on the internet that you want to purchase. •Find an advertisement for a car [...]

I am looking for a website that allows you to enter loan information or credit card debt information, for example, you enter date, amount of loan, payment you will be making and the calculator does the rest, it will tell you interest you owe and the exact date it will be paid off. Interest.com used [...]

Where can I find a amortization chart, or a formula for my calculator to take to the dealership if I have to use their financing (I have a 5 year old bankruptcy) They will rip you when they start asking what you want your monthly payment to be – for me it is the interest [...]

import java.util.Scanner; import java.text.DecimalFormat; public class LoanPayment { //main method beings with exevution of Java application public static void main ( String args[]) { //create scanner to obtain input from command window Scanner input = new Scanner(System.in); DecimalFormat decimalPlaces=new DecimalFormat("0.00"); //Create Format System.out.print("Welcome to the Loan Payment Calculator by Jeffery Smith"); System.out.print("\nFor Exercise 1 in [...]