the interest rate on 6400 loan is 10% componded semi annually. if the loan is to be repaid by monthly payment over a four year term prepare a partial amortization schedule of first two payment details payment 34 and 35 and last two payments?
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.
the interest rate on 6400 loan is 10% componded semi annually. if the loan is to be repaid by monthly payment over a four year term prepare a partial amortization schedule of first two payment details payment 34 and 35 and last two payments?
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