What time is most advisable for operation

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On January 1 of year 1, Banamex approved a loan to Mercantil S.A. for $ 900.00 for a term of 3 years with fixed installments, payable semi-annually, at an interest rate of 7% per past six-month period.

Problem 1: Determine the amount of the semi-annual amortization

Problem 2: Create the amortization table

Problem 3: Prepare the budget card for year 2

Problem 4: Within the structure of the budgeted income statement, where is interest reflected?

Problem 5: Leonardo Sánchez is responsible for preparing the financing budget for the company Mercantil S.A. What time is it most advisable for your operation? justify your answer

Reference no: EM132907771

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