Question

A loan of EGP 50,000 is to be amortized with 12 equal quarterly payments at j4...

A loan of EGP 50,000 is to be amortized with 12 equal quarterly payments at j4 = 12%. Find the outstanding principal after paying the third Quarterly payment.

Homework Answers

Answer #1

The outstanding principal after paying the third Quarterly payment is 39,110

See the screenshot for amortization schedule

Screenshot with formulas

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