5.10 The following shows an amortization schedule for a loan which calls for level semi-annual payments over 2 years. Fill in the missing values in the amortization schedule and calculate the...


5.10 The following shows an amortization schedule for a loan which calls for level semi-annual payments over 2 years. Fill in the missing values in the amortization schedule and calculate the effective rate of interest.















































YearInstallmentInterest paidPrinciple repaidOutstanding balance
0                     -                 -
0.5       9,088.510
1         2,969.710
1.5      122.380
2   3,151.4900                 -         3,151.490

   0





Jun 09, 2022
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