What is the payment value of a

Reference no: EM13190401

a loan of $100,000 is being cleared in 120 equal end of time period payments. the interest % corresponding to one time period i=10%.

a) what is the payment value of A
b) what is the balance immediately after the 40th payment is made
c) what fraction of the 41st payment is the interest
d) after the 80th payment is made it is decided to clear the loan in 20 additional end of period payments rather than 40 remaning payments as per the intial loan amortization. what is the new payment value?

Reference no: EM13190401

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