Mr. Pereira needs $1,000,000 today. He has quoted in the bank 3 types of loans with the following conditions:(a) 1 year term loan with annual rate of 12% capitalizable monthly, with monthly payments.b) 2-year term loan with an annual rate of 8%, capitalized bimonthly, with bimonthly payments.c) 4-year term loan with an annual rate of 6% capitalized quarterly with quarterly payments.As a consultant, you must evaluate these three alternatives today by calculating what the situation of the loans will be in month No. 6, asking to indicate at that date the value of interest paid and interest payable on the 3 loans, the value of the amortized capital and what remains to be amortized on these loans.
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