A bank offers to finance a juice manufacturing machine for the company Yeni Mery Paredes SA for
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Question:
A bank offers to finance a juice manufacturing machine for the company Yeni Mery Paredes SA for a value of US$ 800,000 under the following conditions:
Dead grace period: 3 months
Grace period with reduced fee: 3 months
Uniform ordinary quarterly installments: 5
Agreed extraordinary fee: US$100,000 in period 4 and US$50,000 in period 5
- Interest rate 12% annually compounded quarterly
Prepare the payment schedule for this loan (amortization table).
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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