Display graphically cash flows (calculate repayment of the principal amount and interest for each period) on a differentiated-payment loan, if the principal amount is 2,000, maturity is 3 years, interest rate is 11% per year, and frequency of payments is semiannual.
Mortgages
A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.
Mortgage
The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.
Display graphically cash flows (calculate repayment of the principal amount and interest for each period) on a differentiated-payment loan, if the principal amount is 2,000, maturity is 3 years, interest rate is 11% per year, and frequency of payments is semiannual.
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