Prepare the amortization table corresponding to a loan of 123,654,000 amortizable in 7 years, for which it is known that the amortization terms of the first two years are 34,000 and that of the third year is 23,800. The annual interest rate on the loan is 10.4% in the first year and 11% in the remaining years.

Answer rating: 100% (QA)

To prepare the amortization table for the loan well need the following information Loan amount 123654000 Loan term 7 years Amortization terms Year 1 3... View the full answer