Simple and Compound Interest
 

Simple and Compound Interest problem 38


The company wants to repay the debt of € 95000 to the bank. It will be repaid with six semi-annual annuities, the first annuity in six months. The amount of the half-year interest rate in the bank is equal to 4%, as is the half-year interest accrual. Calculate the amount of the annuity and compile an amortization plan.


 

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