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5.10 The following shows an amortization schedule for a loan which calls for level semi-annual payments over 2 years. Fill in the missing values in
5.10 The following shows an amortization schedule for a loan which calls for level semi-annual payments over 2 years. Fill in the missing values in the amortization schedule and calculate the effective rate of interest. Installment Interest paid Principle repaid Outstanding balance Year 0 0.5 9,088.510 2,969.710 1 1.5 122.380 0 3,151.4900 3,151.490
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