About this document
Business Finance 5 by Jizle is a document available to read on EtoBox.
The document provides an example of a loan amortization table for a P15,000 auto loan with a 6% interest rate over 2 years. It shows the monthly payments would be P664.81 with interest starting at P75 in the first month and decreasing over time. Without additional payments, total interest would be P955.42. The performance task asks the student to create an amortization table for a P25,000 loan over 6 months to see the monthly reductions in principal and interest.
- Author
- Jizle
- Language
- EN