a b C d e Amortization Payment Payment Period every year every 3 months every month every 6 months every month Term of Loan 7 years 2.25 years 11/4 years 5 years 5.75 years Nominal Rate 7% 6.5% 12% 9% 15% Present Value (Amount of Loan) 780,000 220,000 45,000 75,000 93,000

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
Problem 12E
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Find the ammortization payment

a
b
C
d
D
Amortization Payment
Payment Period
every year
every 3 months
every month
every 6 months
every month
Term of
Loan
7 years
2.25 years
1 1/4 years
5 years
5.75 years
Nominal
Rate
7%
6.5%
12%
9%
15%
Present Value
(Amount of Loan)
780,000
220,000
45,000
75,000
93,000
Transcribed Image Text:a b C d D Amortization Payment Payment Period every year every 3 months every month every 6 months every month Term of Loan 7 years 2.25 years 1 1/4 years 5 years 5.75 years Nominal Rate 7% 6.5% 12% 9% 15% Present Value (Amount of Loan) 780,000 220,000 45,000 75,000 93,000
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