Question: Consider a 6-year loan amortization with a two-year grace period (where you do not need to pay any Installment, Interest, and Principal payment to the

Consider a 6-year loan amortization with a two-year grace period (where you do not need to pay any Installment, Interest, and Principal payment to the bank in Year 1 and Year 2, however interest will be accrued on your principal). You borrow 100.000 TL initially (Year 0), and repay it in 6 equal annual year-end payments from Year 2 thru 8. If the interest rate is 15 percent, fill in the following table. 


YEAR

Total Debt at the Beginning of each Period

Installment Amount

Interest

Principal

Amortization

Remaining Debt

0

 

 

 

 

 

1

 

 

 

 

 

2

 

 

 

 

 

3

 

 

 

 

 

4

 

 

 

 

 

5

 

 

 

 

 

6

 

 

 

 

 

7

 

 

 

 

 

8

 

 

 

 

 

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