By Admin on Dec 16, 2009 in Corporations
doahgolfer asked:
i was given this homework, and if someone could explian to me how they get the answers, i would greatly appreciate it.
i was given this homework, and if someone could explian to me how they get the answers, i would greatly appreciate it.
Complete the amortization table for a loan of $15,000 borrowed at 5.82% compounded semiannually for 5 years with a payment of $1750.39 to be made every six months.
Do you know how to use excel spreadsheets? If so, take a look at their loan template, or find one here –
You can look at the formula in the cells by hitting F2.
My sympathies are with you — one uses amortization tables in daily life (as an adult), but good lord, no one knows how to do one long hand — everyone uses a spreadsheet. I guess they are making you do this for the brain stretching. :O)
alter_tygo | Dec 20, 2009 | Reply