Question
Equal semi-annual payments are made to cover a debt of USD 5,500 at 6% convertible semi-annually, over a period of 2 years. 1) Draw the
Equal semi-annual payments are made to cover a debt of USD 5,500 at 6% convertible semi-annually, over a period of 2 years.
1) Draw the flow chart.
2) Calculate the amortization term or periodic payment A.
3) Prepare the amortization table according to the French method.
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Handbook Of Alternative Assets
Authors: Mark J. P. Anson
2nd Edition
047198020X, 978-0471980209
