Question
The loan in the amount of 180,000 rubles was issued for 12 years at 14% per annum on the terms of monthly repayment. Determine the
The loan in the amount of 180,000 rubles was issued for 12 years at 14% per annum on the terms of monthly repayment. Determine the amount in repayment of the loan. Schedule the credit depreciation.
Step by Step Solution
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Step: 1
The amount of the loan repayment will be 14400 rubles per month The credit depreciation schedule is as follows Year 1 14400 rubles Year 2 12960 rubles ...
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Step: 2
Step: 3
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Cornerstones of Financial Accounting
Authors: Jay Rich, Jeff Jones
4th edition
978-1337690881, 9781337669450, 1337690880, 1337690899, 1337669458, 978-1337690898
