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A company borrowed an amount of 600,000 dinars for a period of four years at a compound interest at an annual rate of 8% and
A company borrowed an amount of 600,000 dinars for a period of four years at a compound interest at an annual rate of 8% and pledged to repay the loan and its interest together in equal installments, each of which pays at the end of the loan period Find the following 1) the value of the fixed payment 2) the form of the loan amortization table rounded to the nearest dinar 3) Calculate the amount Paid after the second payment 4) Calculate the remaining amount after paying the third payment
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