SOLUTIONS TO CHAPTER 8 PROBLEMS - IUN

8-12 a. With a financial calculator, enter N = 5, I = 10, PV = -25000, and FV = 0, and then press the PMT key to get PMT = $6,594.94. Then go through the amortization procedure as described in your calculator manual to get the entries for the amortization table. Repayment Remaining. Year Payment Interest of Principal Balance ................
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