Question: do on excel Question 4 4 pts Mr. Geconcilio has a P50,000 loan with interest at 14% compounded monthly due 3 years starting today. He
do on excel
Question 4 4 pts Mr. Geconcilio has a P50,000 loan with interest at 14% compounded monthly due 3 years starting today. He agrees to pay it by sinking fund method. The fund earns 10% compounded monthly a. How much is the total monthly expense? b. Find the book value of the debt just after the 10th payment
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
