Answered

Explore Westonci.ca, the top Q&A platform where your questions are answered by professionals and enthusiasts alike. Connect with a community of experts ready to help you find solutions to your questions quickly and accurately. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

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
Thank you for choosing our service. We're dedicated to providing the best answers for all your questions. Visit us again. 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 choosing Westonci.ca as your information source. We look forward to your next visit.