A company has taken a steadily amortized loan of 3 250 000 € The loan term is 8 years with quarterly payments. The interest rate of the loan is the Euribor 12-month rate 0,757% + margin of 1,2% -points. Calculate the sum of interests they need to pay during the whole loan term. Amount of loan Annual interest rate Payments in a year Loan term (in years) Relative interest rate Number of payments Amortization ANSWER
A company has taken a steadily amortized loan of 3 250 000 € The loan term is 8 years with quarterly payments. The interest rate of the loan is the Euribor 12-month rate 0,757% + margin of 1,2% -points. Calculate the sum of interests they need to pay during the whole loan term. Amount of loan Annual interest rate Payments in a year Loan term (in years) Relative interest rate Number of payments Amortization ANSWER
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
Problem 1ST
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![A company has taken a steadily amortized loan of 3 250 000 €
The loan term is 8 years with quarterly payments.
The interest rate of the loan is the Euribor 12-month rate 0,757% + margin of 1,2% -points.
Calculate the sum of interests they need to pay during the whole loan term.
Amount of loan
Annual interest rate
Payments in a year
Loan term (in years)
Relative interest rate
Number of payments
Amortization
ANSWER](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4f3e8e19-f138-41c4-b2bb-cd8132db35e7%2Fc3d528b5-e882-40f4-b603-4a560749155e%2Fvh0kmca_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A company has taken a steadily amortized loan of 3 250 000 €
The loan term is 8 years with quarterly payments.
The interest rate of the loan is the Euribor 12-month rate 0,757% + margin of 1,2% -points.
Calculate the sum of interests they need to pay during the whole loan term.
Amount of loan
Annual interest rate
Payments in a year
Loan term (in years)
Relative interest rate
Number of payments
Amortization
ANSWER
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