finance question
Question # 00000808
Posted By:
Updated on: 09/08/2013 02:35 AM Due on: 09/08/2013
Determine the quarterly payment necessary to fully amortize a loan of $100,000 over5 years. The annual percentage rate is 4 percent, which you will need to convert to a quarterlyrate. Next, please provide an amortization schedule to support your payment amount.
-
Rating:
/5
Solution: Excel Sheet - Loan Amortized