Question
A debt of $10 000.00 with interest at 8% compounded quarterly is to be repaid by equal payments at the end of every three months
A debt of $10 000.00 with interest at 8% compounded quarterly is to be repaid by equal payments at the end of every three months for two years.
a) Calculate the size of the monthly payments.
b) Construct an amortization table.
c) Calculate the outstanding balance after three payments.
Please do full solution in Exel i don't have much time for submission thankyou.
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Human Resource Management
Authors: Robert L. Mathis, John H. Jackson
13th Edition
053845315X, 978-0538453158
