monthly rate 1.4 %

Duration 12 months

Value 18000.000 In capital.

A construction company required a loan of 18 million dollars for 12 months. However, it was decided to make an extra payment in the sixth installment corresponding to 2 million dollars in order to reduce the value of the remaining installments, which will all be of the same value. Of what value would these fees be? Make a table with information (Initial Balance, amortization, Interest fee and Final Balance)