1 prepare an amortization schedule for five years of 59000, Ask an Expert

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1. Prepare an amortization schedule for five years of 59,000. Interest rate is 7 percent per year, and loan calls for equal annual payments

2. You want to save to buy a new massage chair for your parents that costs $956. Therefore, you deposit $626 into a bank that pays 5.77% interest compounded QUARTERLY. How many QUARTERS will it take to buy the massage chair?

3. Prepare an amortization schedule for a five-year loan of $59,000. Interest rate is 7 percent per year, and the loan calls for equal payments.

How much interest is paid in the third year?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92814404

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