Question: question Description Amount Interest Rate Time Period Interest Amount Future Value Own - Loan from relative 3.5% 20 months Bank ABC 5.5% compounded semi-annually 6
question
| Description | Amount | Interest Rate | Time Period | Interest Amount | Future Value |
| Own |
| - |
|
|
|
| Loan from relative |
| 3.5% | 20 months |
|
|
| Bank ABC |
| 5.5% compounded semi-annually | 6 years |
|
|
| Total |
|
|
|
|
|
Table 1
- Create a promissory note for the loan from relative based on Table 1 and using the date of establish as a date of the note.
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
Study Help