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Home Q & A Board Other Fields Homework Help Business Accounting
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Hannah Muirhead Hannah Muirhead
wrote...
2 years ago
Someone borrowed 1,800,000 for a period of 6 years at 16% semi annually, prepare an amortization schedule
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wrote...
#1
Educator
2 years ago
Hi Hannah Muirhead

Use the prevent value formula:



Set 1,800,000 in for \(PV\).

16% made to 0.16. Divide it by 2 since we're dealing with semi-annually.

0.16/2 = 0.08 in for \(i\).

\(n\) = 6*2 = 12

Following video should help:
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