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Crib CST problem 2-4
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Uploaded: 26.09.2010
Content: 2-4.docx 11,82 kB
Uploaded: 26.09.2010
Content: 2-4.docx 11,82 kB
Product description
Task 4.
We obtain a bank loan in the amount of 90,000 rubles., Which must be repaid within three years, together with interest. Payments to repay loans made twice annually, in equal amounts of each payment. The fee for the loan is set at 16% per annum of the outstanding principal amount at beginning of period (regular payment).
To determine the amount payable at the expiration of each period of six months.
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