The UNICROM company asks the bank for a loan to purchase machinery. The amount granted is $ 40,000.00 with a nominal rate of 42% per year. The company agrees with the bank to pay in 12 installments with constant amortization which are paid monthly. Calculate the value of the 3rd installment and the value of the constant amortization. a 3rd installment: 4200 and Amortization: 3333 b. 3rd installment: 4500 and Amortization: 3000 c. 3rd installment: 4200 and Amortization: 4000 d. 3rd installment: 4500 and Amortization: 3333 e 3rd installment: 4383 and Amortization: 3333 With clear resolution please

The UNICROM company asks the bank for a loan to purchase machinery. The amount granted is $ 40,000.00 with a nominal rate of 42% per year. The company agrees with the bank to pay in 12 installments with constant amortization which are paid monthly. Calculate the value of the 3rd installment and the value of the constant amortization. a 3rd installment: 4200 and Amortization: 3333 b. 3rd installment: 4500 and Amortization: 3000 c. 3rd installment: 4200 and Amortization: 4000 d. 3rd installment: 4500 and Amortization: 3333 e 3rd installment: 4383 and Amortization: 3333 With clear resolution please

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter19: Lease And Intermediate-term Financing

Section: Chapter Questions

Problem 17P

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