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Prepare an amortization schedule for a four-year loan of $40000. The interest rate is 8 percent per year, and the loan calls for equal annual
Prepare an amortization schedule for a four-year loan of $40000. The interest rate is 8 percent per year, and the loan calls for equal annual payments. Rework it by assuming that the loan agreement calls for a principal reduction of $10000 every year instead of equal annual payments. Submit in an EXCEL file
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Public Finance Administration
Authors: B. J. Reed, John W. Swain
2nd Edition
0803974051, 978-0803974050
