Sherry took out a 70 000 loan amortixed by payemnts of 2200, Financial Management

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Sherry took out a 70 000 loan amortixed by payemnts of 2200

Sherry took out a $70 000 loan amortixed by payemnts of $2200 at the end of every 3 months at 7% compounded quarterly.

a) Counstruct an amortization schedule for the last 2 payments

b) Determine the total amount paid to settle the loan

c) State the total principal repaid

d) Determine the total amount of interest paid

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Financial Management: Sherry took out a 70 000 loan amortixed by payemnts of 2200

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Financial Management: Sherry took out a 70 000 loan amortixed by payemnts of 2200

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