A set up and amortization for a 25000 loan to be repaid in, Ask an Expert

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A) Set up and amortization for a $25,000 loan to be repaid in equal installments at the end of the next 3 years. The interest rate is 10% compounded annually.

B) What percentage of the payment represents interest and what percentage represents principal for each of the 3 years? Why do these percentages change over time?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92054740

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