Question
AMORTIZATION SCHEDULE Set up an amortization schedule for a $25,000 loan to be repaid in equal installments at the end of each of the next
AMORTIZATION SCHEDULE Set up an amortization schedule for a $25,000 loan to be repaid in equal installments at the end of each of the next 3 years. The interest rate is 10% compounded annually. What percentage of the payment represents interest and what percentage represents principal for each of the 3 years?
- question 1: what is the payment every year? (fill in the first blank,provide the number without any digital unit, accurate to two decimal place
- question 2: provide the amortization schedule in the second blank.
- question 3: provide the percentage of interest and principle in the third blank.
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International Finance Discussion Papers The Information Content Of High Frequency Data For Estimating Equity Return Models And Forecasting Risk
Authors: United States Federal Reserve Board, Dobrislav P. Dobrev, Pawel J. Szerszen
1st Edition
1288724810, 9781288724819
