Problem 5.55 – Prepare an amortization schedule for a loan (equal payments)

Essentials of Corporate Finance

Ross, Westerfield, and Jordan

10th Edition and 11th Edition

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Difficulty – Medium

Prepare an amortization schedule for a loan with equal payments by filling out the grid of numbers and then determine the total interest on the bottom of the grid.

This solver will work for loans ranging from 3 years up to 8 years: The grid adjusts automatically.

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