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Ndidi has applied for a microfinance loan from a non-profit organization that serves people who do not usually have access to capital. With the loan
Ndidi has applied for a microfinance loan from a non-profit organization that serves people who do not usually
Payment Number Amount Paid Interest Paid Principal Repaid Outstanding Principal Balance $5,377 (a) (b) (c) (d) (e) . *** (f) (9) (h) have access to capital. With the loan of $5,377, she can purchase a sewing machine and supplies to employ
another woman and upgrade her business of making diapers and other baby items. She makes an agreement
with the microfinance organization to pay back the loan making monthly payments of $100 at an interest rate of
3.5% compounded quarterly.
Show the values for the 1st row of the amortization schedule by showing the values for a-e and the last row of
the amortization schedule by showing the values for f-j.
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