FIN-650 Module 1 DQ 2 – Problem 4-20 Amortization
Managerial Finance – Overview of Financial Management and Time Value of Money
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This discussion thread will be used to discuss the practice problems completed in this module. After completing the problems, submit your answers to the instructor. Your instructor will specify which problems will be reviewed for discussion. Post your answers to the posted problem to this discussion thread and discuss any challenges you had with completing the problems, tips that helped you arrive at the correct answers, and/or questions you may still have.
Problem 4-20 Amortization
A Set up an amortization schedule for a $25,000 Loan to be repaid in equal installments at the end of each of the next 5 years. The interest rate is 10%.
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