R10 000 000, financial lease due in 5 years and the current yield-to-maturity is 10%. Prepare a loan amortization schedule Hint: the annuity factor is 3.7908

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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You have been appointed as a financial consultant by the directors of Cochin Holdings. They require you to calculate the cost of capital of the company. The following information is available on the financing of the company:

·         R10 000 000, financial lease due in 5 years and the current yield-to-maturity is 10%.

Prepare a loan amortization schedule


Hint: the annuity factor is 3.7908
 
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