A student loan is offered under the following conditions: credit of 30, 000 euros at 3% over a period of 6 years contracted on June 1, 2020; no repayment or interest payments for 2 years; The re-payment is provided in 4 constant annual instalments paid on June 1st for the following 4 years. a) Calculate the constant annuities of this credit. b) Draw the amortization table Years (payment in June) Principal repaid Interest paid Annual payments outstanding capital
A student loan is offered under the following conditions: credit of 30, 000 euros at 3% over a period of 6 years contracted on June 1, 2020; no repayment or interest payments for 2 years; The re-payment is provided in 4 constant annual instalments paid on June 1st for the following 4 years. a) Calculate the constant annuities of this credit. b) Draw the amortization table Years (payment in June) Principal repaid Interest paid Annual payments outstanding capital
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:A student loan is offered under the following conditions: credit of 30, 000 euros at 3% over a period of 6 years contracted on June 1, 2020; no repayment or
interest payments for 2 years; The re-payment is provided in 4 constant annual instalments paid on June 1st for the following 4 years. a) Calculate the constant
annuities of this credit. b) Draw the amortization table Years (payment in June) Principal repaid Interest paid Annual payments outstanding capital
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