Answered

Discover the answers you need at Westonci.ca, a dynamic Q&A platform where knowledge is shared freely by a community of experts. Connect with professionals on our platform to receive accurate answers to your questions quickly and efficiently. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

The following table shows the first segment of a five-year amortization schedule. A 5-year amortization schedule. The amount of interest paid for months 1 through 12 are: 99. 03, 97. 73, 96. 42, 95. 10, 93. 78, 92. 44, 91. 09, 89. 73, 88. 36, 86. 98, 85. 58, 84. 18. After one year of payments, how much has been paid to interest? a. $1,100. 42 b. $1,010. 16 c. $1,188. 34 d. $1,241. 18.

Sagot :

marvineetesh3

Amortization is a method applied to periodically lower the book value of an intangible asset over a specified period of time. After one year of payment, the total interest would be $1,100.

What is amortization?

Amortization means scattering payments over manifold periods. The term is used for two discrete processes. Amortization of loans and amortization of assets.  

In the last-mentioned case, it refers to delegating the cost of an intangible asset over a period of time.

The total amount of interest that would be paid in the first year is $1,100 which is shown in the image given below.

Therefore, the amount of total interest payment would be $1,100.

Learn more about amortization, refer to:

https://brainly.com/question/7274714

View image marvineetesh3

Answer:

✅ A. $1,100.42

its correct ⬇️

View image joslynleyva
We appreciate your time. Please revisit us for more reliable answers to any questions you may have. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.