Need help about this question

Mhmdozer

New member
Joined
Nov 11, 2018
Messages
2
Hi;
I have a exam tomorrow but I need help for this question

a lean of 20.000 is to be amortised by equal payment of the end of each year for 4 years. İf interest is calculate at the save of %5 annualy

a) annual payment
b) the principal at the beginning of third year?
c) the total interst will be paid
d) Rest of the debt at the end of 2nd year

Need help and thank you
 

tkhunny

Moderator
Staff member
Joined
Apr 12, 2005
Messages
9,790
Hi;
I have a exam tomorrow but I need help for this question

a lean of 20.000 is to be amortised by equal payment of the end of each year for 4 years. İf interest is calculate at the save of %5 annualy

a) annual payment
b) the principal at the beginning of third year?
c) the total interst will be paid
d) Rest of the debt at the end of 2nd year

Need help and thank you
First impression: If you can't do ANY of that, and your exam is tomorrow, you're toast.

Here's all you need. v = 1/1.05 and 20000 = P(v+v^2+v^3+v^4)

Let's see what you can do.
 

JeffM

Elite Member
Joined
Sep 14, 2012
Messages
3,239
First impression: If you can't do ANY of that, and your exam is tomorrow, you're toast.

Here's all you need. v = 1/1.05 and 20000 = P(v+v^2+v^3+v^4)

Let's see what you can do.
I suspect he was a dozer in every class.
 

Denis

Senior Member
Joined
Feb 17, 2004
Messages
1,480
His other post is similarly "disguised"!
 
Top