Mr. A. borrowed $ 75,000 at an interest rate of 5% per annum, payable over 4...

 

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Mr. A. borrowed $ 75,000 at an interest rate of 5% per annum, payable over 4 years.The debt is amortized for 4 payments with the same amount at each end year. a. Calculate the annual payment the same amount at the end of each year that is due Mr. A. b. Make a debt repayment schedule Mr. A. borrowed $ 75,000 at an interest rate of 5% per annum, payable over 4 years.The debt is amortized for 4 payments with the same amount at each end year. a. Calculate the annual payment the same amount at the end of each year that is due Mr. A. b. Make a debt repayment schedule

Answer rating: 100% (QA)

a To calculate the annual payment that Mr A needs to make at the end of each year we can use the amo... View the full answer