The company EL REKETON, SA, requested a loan on March 16, 2022 for L. 2,100,000. with 12.30% annual interest, payable in installments every 4 months of L.350,000 as a capital payment plus the corresponding interest. You are asked to calculate and show how much total interest you will pay and detail the interest as a total expense on an annual basis?

Answer rating: 100% (QA)

To calculate the total interest paid and the annual interest expense for the loan requested by EL RE... View the full answer