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The UNICROM company asks the bank for a loan to purchase machinery. The amount granted is $ 40,000.00 with a nominal rate of 42% per year. The company agrees with the bank to pay in 12 installments with constant amortization which are paid monthly. Calculate the value of the 3rd installment and the value of the constant amortization.   a 3rd installment: 4200 and Amortization: 3333 b. 3rd installment: 4500 and Amortization: 3000 c. 3rd installment: 4200 and Amortization: 4000 d. 3rd installment: 4500 and Amortization: 3333 e 3rd installment: 4383 and Amortization: 3333 With clear resolution please

The UNICROM company asks the bank for a loan to purchase machinery. The amount granted is $ 40,000.00 with a nominal rate of 42% per year. The company agrees with the bank to pay in 12 installments with constant amortization which are paid monthly. Calculate the value of the 3rd installment and the value of the constant amortization.   a 3rd installment: 4200 and Amortization: 3333 b. 3rd installment: 4500 and Amortization: 3000 c. 3rd installment: 4200 and Amortization: 4000 d. 3rd installment: 4500 and Amortization: 3333 e 3rd installment: 4383 and Amortization: 3333 With clear resolution please

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter19: Lease And Intermediate-term Financing
Section: Chapter Questions
Problem 17P
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The UNICROM company asks the bank for a loan to purchase machinery. The amount granted is $ 40,000.00 with a nominal rate of 42% per year. The company agrees with the bank to pay in 12 installments with constant amortization which are paid monthly. Calculate the value of the 3rd installment and the value of the constant amortization.

 

a
3rd installment: 4200 and Amortization: 3333


b.
3rd installment: 4500 and Amortization: 3000


c.
3rd installment: 4200 and Amortization: 4000


d.
3rd installment: 4500 and Amortization: 3333


e
3rd installment: 4383 and Amortization: 3333

With clear resolution please

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