Intermediate-Term Loan Assignment | Homework For You
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Q1:
Hala Co. has borrowed an intermediate-term loan of
( 2620 ) at an interest annual rate of 8% for 4 years. The annuities will be paid at the end of each year starting from the first year.
Note:The loan will be repaid with 4 equal installments including interest and pay down of the principle)
|
year |
Annuity |
Interest (8%) |
Principle payment |
Remaining Balance |
|
0 |
||||
|
1 |
||||
|
2 |
||||
|
3 |
||||
|
4 |
Q2:
Hala Co. has borrowed an intermediate-term loan of
( 2620 ) at an interest annual rate of 8% for 4 years. The annuities will be paid at the end of each year starting from the first year.
Note:The loan will be repaid with 4 unequal installments including interest and pay down of the principle)
|
year |
Annuity |
Interest (8%) |
Principle payment |
Remaining Balance |
|
0 |
||||
|
1 |
||||
|
2 |
||||
|
3 |
||||
|
4 |
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