An amortization, Mathematics

Ahmad borrowed $450000.00 at 3% compounded semi-annually for ten years to buy an apartment. Equal payments are made at the end of every six months.

a) Determine the size of the semi-annual payments.(6 marks)

b) Prepare an amortization schedule showing the details of the first two payments and the totals of all payments.(10 marks)
Posted Date: 5/16/2018 3:31:34 PM | Location :

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