Question
Liwazi Ltd, borrowed a 4-year loan of Kshs. 30,000,000 at 15% interest rate from Juja bank. Required: i. If the bank requires 4 equal
Liwazi Ltd, borrowed a 4-year loan of Kshs. 30,000,000 at 15% interest rate from Juja bank. Required: i. If the bank requires 4 equal end of year repayments, prepare Liwazi's loan repayment schedule ii. From the schedule prepared in (i) above indicate the following: Annual instalment every year, 3rd year outstanding balance and 4th year interest amount
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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