A loan of 1500 is paid over 6 years at effective rate 7, Financial Management

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A loan of 1500 is paid over 6 years at effective rate 7

A loan of 1500 is paid over 6 years at effective rate 7% with five payments of 300 and a final bigger payment.

Calculate the bigger payment. SHOW i) Timeline ii) EOV and iii) TV line.

At time t=2, an extra payment of 165.93 is made and the loan is refinanced at 10% with only 3 more level payments.

Calculate the level payments. Show i) Timeline, ii) EOV and iii) TV line.

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Financial Management: A loan of 1500 is paid over 6 years at effective rate 7

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Financial Management: A loan of 1500 is paid over 6 years at effective rate 7

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