An investor borrowed 336263 PLN. The loan was for 6 months at 12% annual interest (compound interest rate, equal total payments). Create a loan amortization schedule if the investor pays two payments and next he doesn't pay for 3 months. The investor begins to repay the loan again in the sixth month paying four equal payments every two months. Since the third month the annual interest rate is 9%.

Answer rating: 100% (QA)

Loan balance at the beginning of 6th month23153067 AMORTIZATION SCHEDULE A B ... View the full answer