Calculate the amount to be delivered to the creditor

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XL, Lda contracted on May 10, 2001, a loan of 40,000 euros with regularization on May 10, 2006 with postpaid interest at 9.73% per year. On May 10, 2004, a company selected an amortization fund through semi-paid deposits in order to gather, until the maturity of the loan, the financial funds to cover the payment of debt and interest.

Question 1: Knowing that the fund calculates the capital ratios of 8.32% per year, calculate:

a) The amount to be delivered to the creditor on the due date (principal + interest).

b) The amount of each deposit to be made in the fund.

c) Build the amortization fund framework.

Reference no: EM132540288

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