First of all let's find amount of instalment:-
present value of annuities = Annual payment * PVFA2%,5years
180000 = Annaul payment * 4.713
Annual payment = 38192.23
Loan amortization schedule given as below
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Question 3 You contract a loan of 180,000AED on 5 years. The interest rate is 2% compounded annually. Construct an a...
Question 4 You contract a loan of 90,0000AED on 4 years. The interest rate is 6 % compounded annually. Construct an amortization schedule for the loan repayment. (5 Marks)
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