Question
Question 1 (a) Construct an amortization schedule for a loan of $11,800 to be repaid by an 8-payment annuity-immediate at an effective interest rate of
Question 1
(a) Construct an amortization schedule for a loan of $11,800 to be repaid by an 8-payment
annuity-immediate at an effective interest rate of 4.5% per year
(b) What would be the difference between an amortization schedule and a sinking fund
schedule for the loan repayment in (a)?
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Foundations of Finance The Logic and Practice of Financial Management
Authors: Arthur J. Keown, John D. Martin, J. William Petty
8th edition
132994879, 978-0132994873
