REUPLOADED AT HIGHER RESOLUTION please show your work Homework: C8HW Save Score: 0 of...
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REUPLOADED AT HIGHER RESOLUTION
please show your work
Homework: C8HW Save Score: 0 of 20 pts 3 of 4 (0 complete) HW Score: 0%, 0 of 100 pts Problem 8-9 (algorithmic) Question Help Delos Debt Renegotiations (A). Delos borrowed 80 million two years ago. The loan agreement, an amortizing loan, was for six years at 8.624% interest per annum. Delos has successfully completed two years of debt-service, but now wishes to renegotiate the terms of the loan with the lender to reduce its annual payments. a. What were Delos's annual principal and interest payments under the original loan agreement? b. After two years debt service, how much of the principal is still outstanding? c. If the loan were restructured to extend another two years, what would be the annual payments principal and interest? Is this a significant reduction from the original agreement's annual payments? a. What were Delos's annual principal and interest payments under the original loan agreement? Delos's annual payment under the original loan agreement is . (Round to two decimal places.) Enter your answer in the answer box and then click Check Answer. 9 parts remaining Clear All Check
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