Westonci.ca is the Q&A platform that connects you with experts who provide accurate and detailed answers. Explore our Q&A platform to find in-depth answers from a wide range of experts in different fields. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

Project one ABC Company present loan proposal to awash international bank and the Bank provides four credit schema to the loan. The first option is to borrow birr 100,000 mortgage to be paid with 6 years at equal installment at the rate of 15% Sami- annually. The second, third and fourth option are to borrow birr 250,000 for 30 months at equal installment at rate of 10% at semi-annually, birr 150,000 for a year at equal installment at rate of 13% semi-annually and birr 200,000 for 18 months at equal installment at rate of 8% semiannually respectively. The bank agreed with the company and the loan disbursed with additional service charge of birr 21,000 (one time borrowing cost for the three loans). Calculate interest expenses and other charges At the end of first year

Sagot :

Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.