By Admin on Dec 29, 2009 in Other - Business & Finance
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’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!!

You should email this to a banker
www.scimprints.com Greg | Jan 1, 2010 | Reply