Mr. Andi bought a machine and agreed to a loan of Rp. 1,000,000.00 which can be paid in installments every year in 8 installments with an interest rate of j12=18%. Prepare an amortization schedule that pays interest and principal if: A. The first payment is today. b. The first payment is 1 year away.
Mr. Andi bought a machine and agreed to a loan of Rp. 1,000,000.00 which can be paid in installments every year in 8 installments with an interest rate of j12=18%. Prepare an amortization schedule that pays interest and principal if: A. The first payment is today. b. The first payment is 1 year away.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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1. Mr. Andi bought a machine and agreed to a loan of Rp. 1,000,000.00 which can be paid in installments every year in 8 installments with an interest rate of j12=18%. Prepare an amortization schedule that pays interest and principal if:
A. The first payment is today.
b. The first payment is 1 year away.
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