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Calculate installments using present value of annuity table

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Reference no: EM132627570

Mr. Ali, owner of Ali Trading L.L.C has loan options set before him. He is referring you to construct the annual loan amortization schedule for loans. The loan details are as follows:

a. Bank Nizwa: RO 20,000 for 3 years at 7% annual compound interest.

b. Bank Sohar: RO 20,000 for 5 years at 11% annual compound interest.

You are assigned to calculate the following:

Question i. Calculate the installments using present value of annuity table

 

Question ii. Construct a table of loan amortization schedule

Question iii. Provide the calculations related to segregation of interest and principal amount of the installments

Reference no: EM132627570

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