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  • Loans Receivable

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    Auralin Ubaldo
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    The document shows the interest received and income over 5 years using 12%, 11%, and 13% effective interest rates on an initial principal of $400,000. With a 12% rate, the annual interest income increases from $445,382 to $471,410 over the period. At 11% the interest income rises from $408,267 to $412,550, while at 13% it increases more sharply from $482,498 to $534,510.

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    IA

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    The document shows the interest received and income over 5 years using 12%, 11%, and 13% effective interest rates on an initial principal of $400,000. With a 12% rate, the annual interest income increases from $445,382 to $471,410 over the period. At 11% the interest income rises from $408,267 to $412,550, while at 13% it increases more sharply from $482,498 to $534,510.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    10 views2 pages

    Loans Receivable

    Uploaded by

    Auralin Ubaldo
    The document shows the interest received and income over 5 years using 12%, 11%, and 13% effective interest rates on an initial principal of $400,000. With a 12% rate, the annual interest income increases from $445,382 to $471,410 over the period. At 11% the interest income rises from $408,267 to $412,550, while at 13% it increases more sharply from $482,498 to $534,510.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 2

    using 12% effective interest rate:

    date interest received interest income


    o1/o1/21
    12/31/21 400000 445382
    12/31/22 400000 450828
    12/31/23 400000 456928
    12/31/24 400000 463759
    12/31/25 400000 471410
    using 11% effective interest rate:
    date interest received interest income
    o1/o1/21
    12/31/21 400000 408267
    12/31/22 400000 409177
    12/31/23 400000 410186
    12/31/24 400000 411306
    12/31/25 400000 412550
    using 13% effective interest rate:
    date interest received interest income
    o1/o1/21
    12/31/21 400000 482498
    12/31/22 400000 493222
    12/31/23 400000 505341
    12/31/24 400000 519036
    12/31/25 400000 534510
    amortization carrying amount
    3711520
    45382 3756902
    508282 3807731
    56928 3864658
    63759 3928417
    71410 3999827

    amortization carrying amount


    3711520
    8267 3719787
    9177 3728964
    10186 3739150
    11306 3750456
    12550 3763006

    amortization carrying amount


    3711520
    82498 3794018
    93222 3887240
    105341 3992581
    119036 4111617
    134510 4246127

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