Home / Questions / Attempts Average15 10 Loan amortization and capital recovery Present value of annuity cala...
Attempts: Average: 15 10. Loan amortization and capital recovery Present value of annuity calaulations are widely used for loan amortization and capital recovery problems. Both loan amortization and capital recovery problems require the caloulations of annuity payments based on a given required rate of returm. suppose you take out a loan. The process in which your debt will be paid off in equal installments consisting of proportionate amounts of principal and interest is called After Shipra got a job, the first thing she bought was a new car. She took out an amortized loan for $45,000-with no ($0) down payment. She agreed to pay off the loan by making annual payments for the next four years at the end of each year. Her bank is charging her an interest rate of 6% per year. Yesterday, she called to ask that you help her compute the annual payments necessary to repay her loan. Calculate the annual payment and complete the following loan amortization table: Beginning Interest Principal Year Amount Payment Paid Paid Ending Balance 1 $45,000.00 -$0.02 Save Continue Grade It Now
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