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Construct the table of the amortization fund

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Question - Solve the following problems and attach your procedure and answer to each one. A debt of $12.0UU must be repaid in 4 equal bimonthly payments. The first within 2 months, with interest at 4% bi-monthly.

a) Calculate the amount of each of the payments.

b) Build the Amortization table. 2.

A merchant decides to create a reserve to acquire a larger space for his business, for which he needs to raise $46,168.50 within 6 months to be able to expand it; To do this, he decides to make 6 monthly deposits in an investment account that pays 6% annually, convertible monthly:

a) How much should he make each deposit?

b) Construct the table of the Amortization Fund.

Reference no: EM133147132

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