Question
you want to borrow $6000 and repay it in semiannual installments over 5 years. APR=12% a) assume that payments are equal. Prepare the loan amortization
you want to borrow $6000 and repay it in semiannual installments over 5 years. APR=12%
a) assume that payments are equal. Prepare the loan amortization table for the first year( or the first 2 payments) only
b) Assume now that the loan repayment is based on equal principles. prepare the loan amortization table for the first year (or the first 2 payments) only
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
16th Edition
013749601X, 978-0137496013
