(Interest-only loan, amortization table) You are taking an interest-only $10,000 loan. The loan is to be paid...

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(Interest-only loan, amortization table) You are taking an interest-only $10,000 loan. The loan is to be paid in 2 years and carries monthly interest payments of 0.5%.

a. Show an amortization table for the loan.

b. What is the outstanding balance of the loan at the end of any month?

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Principles Of Finance Wtih Excel

ISBN: 9780190296384

3rd Edition

Authors: Simon Benninga, Tal Mofkadi

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Question Posted: Jun 07, 2024 01:19 AM

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(Interest-only loan, amortization table) You are taking an interest-only $10,000 loan. The loan is to be paid...

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Principles Of Finance Wtih Excel

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