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Let k = last digit of your student number +1. Round all money answers to 2 decimal places. Round all number of payments values
Let k = last digit of your student number +1. Round all money answers to 2 decimal places. Round all number of payments values up to the nearest whole number. /29 1. Complete an amortization schedule for the following situation. A loan of $(2000+ 100k) is to be paid back with 6 month installments over 2 years with an interest rate of 1.1% compounded semi-annually. Payment Number 0 Payment Amount Interest Amount Principal Amount Balance [ /6 2. Complete a sinking fund schedule for the following situation. A savings account of with k% compounded semi- annually will be used to reach $(k x 1000). Payments will be made at the end of every 6 months for 2 years. Additionally, find the total interest paid. [ /6 Payment Number 0 Payment Amount Interest Amount Principal Amount Balance
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