Wed 7 Jun, 2017 10:53 am
i would be so grateful if somebody can help me solve this task:
Part 1: For a loan of 10000 with 10% interest rate calculate two equal instalments to be paid at the end of the 1st and the 2ed year.
Part 2: Use solution of Task 5 for presenting the amortization schedule of the loan that consists of the instalment split into interest and capital paid each year and beginning and ending balances for each year
Thank you so much!