Question: Please : Can you solve the question with the formula, not with the excel? 20.000 TL loan is being repaid by installments of 400 TL

Please : Can you solve the question with the formula, not with the excel?

20.000 TL loan is being repaid by installments of 400 TL at the end of each month for as long as necessary, plus a final smaller payment. If interest is at J12 = 12%, find the outstanding balance at the end of 3 years.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

20.000 TL loan is being repaid by installments of 400 TL at the end of each months for as long as necessary, plus a final smaller payment. If interest is at J12=12%, find the outstanding balance at...

Please use the provided excel template to solve the question and please show work / formula of working cell for a thumb up. Please use the provided excel template to solve the question and please...

A B D E F G H K L M N Please find the question below and complete the worksheets titled - Ratio&CF, 'CmnsizeV', 'CmnsizeH', & AmortSch' (find out the values/fill out the 'green' cells using cell...

Hello, I need the answers to the questions to be in detail and the equations we used to solve questions from No. 1 to No. 20. Questions No. 15, 16 I don't need their answers Mr Ahmet Bosgerer...

Choose machine F and create tables for Sales Budget, Production Budget, Direct Materials Budget, Overhead Budget, SGA Budget, Income Statement, Cash Budget, and Balance Sheet For the six months ended...

223 1 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 MA JX A C D E F G H J Directions This assignment consists of questions that...

MTH 101 Milestone 1 Worksheet In this milestone, you will learn how to make wise financial decisions Whether you are a recent college graduate or a seasoned professional, you'll be equipped with the...

Suppose the effective annual interest rate is 6% and Wagner Companys stock currently trades for $88 per share. Suppose the premium for a 1-year $85-strike call option on the stock is $19.87, and the...

What would the following code print? #include using namespace std; namespace first { int x = 5; } namespace second { double x = 3.1416; } int main() { int x = 4; cout

1 8 . Assume that a noncallable 1 0 - year T - bond has a 1 2 % annual coupon, while a 1 5 - year noncallable T - bond has an 8 % annual coupon. Assume also that the yield curve is flat, and all...

The force constant of a massless spring is 2 5 . 0 N / m . A mass of 0 . 4 5 kg is oscillating in simple harmonic motion at the end of the spring

To identify the main political and legal issues relating to electronic commerce and business. LO.1

To identify the reasons for the rise and fall of the dot coms. LO.1

To understand the dot com phenomenon. LO.1