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 paymentss
Do in exel .
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International Corporate Reporting Global And Diverse
Authors: Pauline Weetman, Ioannis Tsalavoutas, Paul Gordon
5th Edition
1138364991, 9781138364998
