Answered

Get the answers you need at Westonci.ca, where our expert community is always ready to help with accurate information. Get immediate and reliable answers to your questions from a community of experienced professionals on our platform. 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 visit. Hopefully, the answers you found were beneficial. Don't hesitate to come back for more information. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.