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Kevin Machokah obtained a loan of sh.1,200,000 from a commercial bank at an interest of 12.5% per annum. The loan is to be repaid in...

      

Kevin Machokah obtained a loan of sh.1,200,000 from a commercial bank at an interest of 12.5% per annum. The loan is to be repaid in equal semi-annual installments over a period of 3 years. The loan interest is to be amortized on a reducing balance basis.

Required:
Loan amortization schedule for Kevin Machokah.

  

Answers


Francis
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francis1897 answered the question on November 8, 2022 at 08:11


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