Ivanhoe Greenhouses Ltd. signed a 15-year, 6.5%, $940,000 loan on September 30, 2024, to help finance...

 

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Ivanhoe Greenhouses Ltd. signed a 15-year, 6.5%, $940,000 loan on September 30, 2024, to help finance a new state-of-the-art greenhouse with an associated renewable energy source. The loan terms provide for semi-annual payments of $49,521 principal and interest. Payments are due on March 31 and September 30. The company's year end is September 30. (a) Your answer is correct. Prepare an instalment payment schedule for the first two years. (Round answers to O decimal places, e.g. 5,255.) Ivanhoe Greenhouses Ltd. signed a 15-year, 6.5%, $940,000 loan on September 30, 2024, to help finance a new state-of-the-art greenhouse with an associated renewable energy source. The loan terms provide for semi-annual payments of $49,521 principal and interest. Payments are due on March 31 and September 30. The company's year end is September 30. (a) Your answer is correct. Prepare an instalment payment schedule for the first two years. (Round answers to O decimal places, e.g. 5,255.)

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here is an installment payment schedule for the first two years of the loan for Ivanhoe Green... View the full answer