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A Farmer obtains a loan of $800,000 with interest of 18% CS. The loan will have a partial grace period of 1.5 years and
Posted: Sun Jul 03, 2022 1:14 pm
by answerhappygod
- A Farmer Obtains A Loan Of 800 000 With Interest Of 18 Cs The Loan Will Have A Partial Grace Period Of 1 5 Years And 1 (32.36 KiB) Viewed 10 times
A Farmer obtains a loan of $800,000 with interest of 18% CS. The loan will have a partial grace period of 1.5 years and will be paid through leveled semi-annual installments over a period of 6 years. a) The value of each payment b) The unpaid balance just after the 7th installment c) Total interest paid d) Prepare an amortization schedule up to the installment In the problem, suppose that the farmer wishes to repay the financial obligation in semi-annual level installments with a total grace period a) Calculate the value of the installment b) Unpaid Capital after installment 9 c) The payment schedule up to installment 5 for this situation