To start an RTW business, you took a loan of Php 50,000. Your banker loans...
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Accounting
To start an RTW business, you took a loan of Php 50,000. Your banker loans you the money at a 10% annual interest rate, which you agree to pay back in three equal monthly installments. Construct an amortization schedule for this loan.
P 50000.00
r 10.00%
t 0.42
m 12
n 3
r/m 0.83%
A Payment Schedule 0 1 2 3
Starting Balance 0 50000.00
Amount of Payment 0
Interest of Payment 0
Applied to Principal 0
Ending Balance 50000.00 0
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