With a present value of $100,000, an interest of 5% and a term of five years:...

  

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With a present value of $100,000, an interest of 5% and a term of five years: i. Calculate the annual payment. ii. Prepare the amortisation schedule based on the annual payment. With a present value of $100,000, an interest of 5% and a term of five years: i. Calculate the annual payment. ii. Prepare the amortisation schedule based on the annual payment.

Answer rating: 100% (QA)

So the annual payment is approximately 2308221 ii Now lets prepare the amortization schedule based o... View the full answer