With the purpose of expanding the premises, development loans are granted with the following plan...
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With the purpose of expanding the premises, development loans are granted with the following plan
amortization: term 5 years, semi-annual installments at the rate of 5% effective semi-annual; 20% of the debt is amortized in the first two years and the remaining 80% in the last three years.
Apply the model of a loan of L 1,000,000.00. amortize the first year L 200,000.00 and
in the next three L 800,000.00.
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