from the table of loan installment below, if flat rate per month isn't 1.0022% but equal to 1.0000% (monthly installment for 3 years) . Please show method to calculatethe effective rate per year and month? Is that has formula. Effective Rate1.7703% Per monthFlat Rate1.0022% Per monthtotal financing250,000 unnMonthLoan BeginningInstallmentInterestCapitalLoan RemainingReduce250,000.001250,000.009,450.004,425.655,024.35244,975.652244,975.659,450.004,336.705,113.30239,862.353239,862.359,450.004,246.185,203.82234,658.534234,658.539,450.004,154.065,295.94229,362.59229,362.599,450.004,060.315,389.69223,972.906.223,972.909,450.003,964.905,485.10218,487.80218,487.809,450.003,867.805,582.20212,905.608212,905.609,450.003,768.985,681.02207,224.589207,224.589,450.003,668.415,781.59201,442.999,450.009,450.0010201,442.993,566.065,883.94195,559.0511195,559.053,461.905,988.10189,570.9512189,570.959,450.003,355.906,094.10183,476.8513183,476.859,450.003,248.016,201.99177,274.8714177,274.879,450.003,138.226,311.78170,963.0915170,963.099,450.003,026.496,423.51164,539.5816164,539.589,450.002,912.786,537.22158,002.3517158,002.359,450.002,797.056,652.95151,349.4018151,349.409,450.002,679.286,770.72144,578.686,890.587,012.5019144,578.689,450.002,559.42137,688.0920137,688.099,450.002,437.50130,675.5921130,675.599,450.002,313.367,136.64123,538.9522123,538.959,450.002,187.027,262.98116,275.9623116,275.969,450.002,058.457,391.55108,884.4124108,884.419,450.001,927.607,522.40101,362.0025101,362.009,450.001,794.437,655.5793,706.439,450.009,450.002693,706.431,658.917,791.0985,915.347,929.028,069.382785,915.341,520.9877,986.322877,986.329,450.001,380.6269,916.942969,916.949,450.001,237.778,212.2361,704.713061,704.719,450.001,092.338,357.6753,347.053153,347.059,450.00944.388,505.6244,841.433244,841.439,450.00793.818,656.1936,185.243336,185.249,450.00640.578,809.4327,375.813427,375.819,450.00484.628,965.3818,410.433518,410.439,450.00325.919,124.099,286.34369,286.349,450.00163.669,286.340.00340,200.0090,200.00250,000.00

Monthly Flat interest rate is 1.0000% Here; Number of periods is 12. To Find: Effective Annual…

from the table of loan installment below, if flat rate per month isn't 1.0022% but equal to 1.0000% (monthly installment for 3 years) . Please show method to calculatethe effective rate per year and month? Is that has formula.

from the table of loan installment below, if flat rate per month isn't 1.0022% but equal to 1.0000% (monthly installment for 3 years) . Please show method to calculatethe effective rate per year and month? Is that has formula.

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter16: Working Capital Policy And Short-term Financing

Section: Chapter Questions

Problem 15P

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Question

100%

Effective Rate
1.7703% Per month
Flat Rate
1.0022% Per month
total financing
250,000 unn
Month
Loan Beginning
Installment
Interest
Capital
Loan Remaining
Reduce
250,000.00
1
250,000.00
9,450.00
4,425.65
5,024.35
244,975.65
2
244,975.65
9,450.00
4,336.70
5,113.30
239,862.35
3
239,862.35
9,450.00
4,246.18
5,203.82
234,658.53
4
234,658.53
9,450.00
4,154.06
5,295.94
229,362.59
229,362.59
9,450.00
4,060.31
5,389.69
223,972.90
6.
223,972.90
9,450.00
3,964.90
5,485.10
218,487.80
218,487.80
9,450.00
3,867.80
5,582.20
212,905.60
8
212,905.60
9,450.00
3,768.98
5,681.02
207,224.58
9
207,224.58
9,450.00
3,668.41
5,781.59
201,442.99
9,450.00
9,450.00
10
201,442.99
3,566.06
5,883.94
195,559.05
11
195,559.05
3,461.90
5,988.10
189,570.95
12
189,570.95
9,450.00
3,355.90
6,094.10
183,476.85
13
183,476.85
9,450.00
3,248.01
6,201.99
177,274.87
14
177,274.87
9,450.00
3,138.22
6,311.78
170,963.09
15
170,963.09
9,450.00
3,026.49
6,423.51
164,539.58
16
164,539.58
9,450.00
2,912.78
6,537.22
158,002.35
17
158,002.35
9,450.00
2,797.05
6,652.95
151,349.40
18
151,349.40
9,450.00
2,679.28
6,770.72
144,578.68
6,890.58
7,012.50
19
144,578.68
9,450.00
2,559.42
137,688.09
20
137,688.09
9,450.00
2,437.50
130,675.59
21
130,675.59
9,450.00
2,313.36
7,136.64
123,538.95
22
123,538.95
9,450.00
2,187.02
7,262.98
116,275.96
23
116,275.96
9,450.00
2,058.45
7,391.55
108,884.41
24
108,884.41
9,450.00
1,927.60
7,522.40
101,362.00
25
101,362.00
9,450.00
1,794.43
7,655.57
93,706.43
9,450.00
9,450.00
26
93,706.43
1,658.91
7,791.09
85,915.34
7,929.02
8,069.38
27
85,915.34
1,520.98
77,986.32
28
77,986.32
9,450.00
1,380.62
69,916.94
29
69,916.94
9,450.00
1,237.77
8,212.23
61,704.71
30
61,704.71
9,450.00
1,092.33
8,357.67
53,347.05
31
53,347.05
9,450.00
944.38
8,505.62
44,841.43
32
44,841.43
9,450.00
793.81
8,656.19
36,185.24
33
36,185.24
9,450.00
640.57
8,809.43
27,375.81
34
27,375.81
9,450.00
484.62
8,965.38
18,410.43
35
18,410.43
9,450.00
325.91
9,124.09
9,286.34
36
9,286.34
9,450.00
163.66
9,286.34
0.00
340,200.00
90,200.00
250,000.00

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