amortization
Drew asked:


i’m studying for a final exam here and trying to learn amortization and it’s formula for the first time (missed the day in class)
using the amortization formula…
-Find the payment needed to amortize a loan for $2500 at 8% compounded quarterly with 6 quarterly payments.

I just need an example of this being done correctly to guide me, thanks!!

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1 Comment(s)

  1. You should email this to a banker

    www.scimprints.com Greg | Jan 1, 2010 | Reply

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