Liza Ammorante borrow 125,000 per annum to be paid in 5 years time, on equal yearly at 6.735% per annum to be paid in 5 years time, on equal yearly amortization. Make a matrix - Schedule of Liza's loan where she is going to a fixed amount in which the the interest charges are to be paid in diminishing balance the principal payment every year is an on increasing amount
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.
Liza Ammorante borrow 125,000 per annum to be paid in 5 years time, on equal yearly at 6.735% per annum to be paid in 5 years time, on equal yearly amortization. Make a matrix - Schedule of Liza's loan where she is going to a fixed amount in which the the interest charges are to be paid in diminishing balance the principal payment every year is an on increasing amount
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