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Make accounting of all the operations corresponding

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A company formalizes with a financial institution on February 1, 2018 a loan operation for a nominal value of $ 60,000,000. On that same date, the financial institution enters the loan liquid, amounting to $ 58,000,000, into the company's checking account, after deducting all the initial expenses incurred by the company.

The conditions of this contract are as follows:

Amortization through 3 constant monthly installments of $ 25,000,0000 each, payable in arrears, on the last day of each month from February 2018.

The nominal interest rate is 12.04% and the effective rate is 14 , 04%

Problem 1: Make accounting of all the operations corresponding to the previous loan from the point of view of the debtor company.

Reference no: EM133007261

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