Need help about this question

[Mhmdozer]

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]

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]

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]

His other post is similarly "disguised"!