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Linda_us, Finance, Accounts & Homework Tutor
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Experience:  Post Graduate Diploma in Management (MBA)
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You borrowed a bullet loan of $200,000 at k 16% for 5 years.

Resolved Question:

You borrowed a bullet loan of $200,000 at k=16% for 5 years. Find the repayment schedule
(a) If you repay monthly. (b) If you repay quarterly.
Submitted: 5 years ago.
Category: Homework
Expert:  Linda_us replied 5 years ago.

Welcome to JA.

I am working on your question will post the solution soon.


Expert:  Linda_us replied 5 years ago.

Please Click here for Solution

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Customer: replied 5 years ago.
the question is imcomplete
Here it is again the question

you borrow $200,000 AS A BULLET LOAN AT 16% for five years. you repayment schedule for the loan is monthly. your 60th payment would be
Expert:  Linda_us replied 5 years ago.
See normally in bullet loan principal and interest is paid at end on the loan term but since we are given that payment schedule in monthly I am assuming monthly payment including principal. Then there are interest only loan in which only interest is paid over the life on loan and the final payment is paid for interest and last interest payment.

Let me know how you want me to solve.


Expert:  Linda_us replied 5 years ago.

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