Submit an organized solution of the following, for numbers 1 and 2, create your own problem...
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Submit an organized solution of the following, for numbers 1 and 2, create your own problem by following the given format. 1. A sinking fund is established to accumulate (amount in pesos) in (number of years). If the annual interest rate is (percentage) compounded (period), find the amount of sinking funds payments. Create a balance sheet of the fund. Note: In your balance sheet, provide at least 20 payments. 2. How much should one pay annually to amortize a loan worth (amount in pesos) at an interest rate of (percentage) compounded (period) for (number of years)? Create an amortization table for the loan. Note: In your balance sheet, provide at least 20 payments. Submit an organized solution of the following, for numbers 1 and 2, create your own problem by following the given format. 1. A sinking fund is established to accumulate (amount in pesos) in (number of years). If the annual interest rate is (percentage) compounded (period), find the amount of sinking funds payments. Create a balance sheet of the fund. Note: In your balance sheet, provide at least 20 payments. 2. How much should one pay annually to amortize a loan worth (amount in pesos) at an interest rate of (percentage) compounded (period) for (number of years)? Create an amortization table for the loan. Note: In your balance sheet, provide at least 20 payments.
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1 Amortization of Loan Amount borrowed 10000000 pesos Interest Rate 12 compounded semiannually Periods 10 years 20 semiannual periods Payment 87184557 ... View the full answer
Related Book For
Frank Woods Business Accounting Volume 2
ISBN: 9780273693109
10th Edition
Authors: Frank Wood, Alan Sangster
Posted Date:
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