In a loan by $5 000 000,00, with a rate of interest of 28 % a five years term, payable to the end of each month:                 a.       Which the amount of the Payments monthly that shall be realized to the Finalize each month? b.       Which the amount of amortization and interests for the five first months?

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
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In a loan by $5 000 000,00, with a rate of interest of 28 % a five years term, payable to the end of each month:
               
a.       Which the amount of the Payments monthly that shall be realized to the Finalize each month?
b.       Which the amount of amortization and interests for the five first months?    
               
               
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