A financing of 300000mts contracted at a rate of 24% per month will be amortized over 5 periods, that is, through constant monthly installments (capital and interest), the first installment falling due one month after the contract. Preparing the amortization map without forgetting to show the accumulated amortizations in each period: Is the interest for the fourth period.

Answer rating: 100% (QA)

Answer To solve this problem we need to calculate the monthly installment and then create an amortiz... View the full answer