Assignment 6 BD309 Sulis Setiawati 2381476925

bd309

Pertanyaan :

BD309

Status :

100% Tercapai

Keterangan :

Saya sudah mengerjakan assignment BD309 dengan baik.

Bukti :

Please provides an amortization schedule for a loan of $1,000 made at 5% annual interest. The monthly payments for this loan.

monthly interest = 5% : 12 = 0,4167% / month ( 0,004167 )

A=P x r(1+r)n/(1+r)n-1

P=1.000
r=0.004167
n=12

A=1000 x 0.004167 (1.004167)12/(1.004167)12-1
A= 85.61

So, the monthly installments are fixed = $85,61