1. anim bought a flat for RM56,000, and get financing for 90% of the value, at 3.55% p.a., and the tenure is 7 years. How much is the annual installment? 8258.03 2. Upload amortization schedule for Anim's financing using Excel worksheet. need answer in excel

1. anim bought a flat for RM56,000, and get financing for 90% of the value, at 3.55% p.a., and the tenure is 7 years. How much is the annual installment? 8258.03 2. Upload amortization schedule for Anim's financing using Excel worksheet. need answer in excel

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter10: Property, Plant And Equipment: Acquisition And Subsequent Investments

Section: Chapter Questions

Problem 3MC: Electro Corporation bought a new machine and agreed to pay for it in equal annual installments of...

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Question

1. anim bought a flat for RM56,000, and get financing for 90% of the value, at 3.55% p.a., and the tenure is 7 years. How much is the annual installment? 8258.03

2. Upload amortization schedule for Anim's financing using Excel worksheet. need answer in excel

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