The writer is very fast, professional and responded to the review request fast also. Thank you.
Messineo LLC borrowed $15,000 at a 14% annual rate of interest to be repaid over 3 years. Theloan is amortized into three equal annual end of year payments. As the CFO of Messineo, LLCyou must prepare a report (executive summary) of the pertinent information in a short summaryfor the CEO.
1.Calculate the annual end of year loan payment amount.
2.Prepare a loan amortization schedule showing the interest and principal break down ofeach of the three loan payments.
3.Prepare a one page executive summary for the CEO, Linda Messineo,with the loanpayment schedule explaining why the interest portion of each payment declines with thepassage of time.
Also, be sure to remind her that the interest portion of the loan payment is tax deductible. Youshould include your spreadsheet as an appendix to your executive summary to prove your figuresin the loan payment schedule.
Hint:Using a spreadsheet, you will start with the PMT function to calculate the annual payment.Next you will use the IPMT function to find the interest portion for each of the three years.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more