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This is economic and finance. Could you write that I can see(no cursive if u want hand-writing. Problem 2-31 Amortizing loans A bank loan requires
This is economic and finance. Could you write that I can see(no cursive if u want hand-writing.
Problem 2-31 Amortizing loans A bank loan requires you to pay $86,000 at the end of each of the next eight years. The interest rate is 10%. a. What is the present value of these payments? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value b. Complete the following amortization table. (Negative amounts should be indicated by a minus sign. Round your answers to nearest whole dollar amount.) Year Beginning Balance Payment Interest (10%) Loan Red. Ending Balance 1 AWN 001 7 8Step by Step Solution
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