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An oil producer has borrowed $100,00 at an interest rate of 8% for a period of two years. Calculate the quarterly payment and monthly payment. Also show the loan amortization schedule for both quartly and montly payment. Please show formulas . Solution Solution. Calculation of loan amortization schedule. .

An oil producer has borrowed $100,00 at an interest rate of 8% for a period of two years.
Calculate the quarterly payment and monthly payment. Also show the loan amortization
schedule for both quartly and montly payment. Please show formulas .
Solution
Solution.
Calculation of loan amortization schedule.
Loan Summary
Scheduled Payment $ 4,522.73
Scheduled Number of Payments 24
Actual Number of Payments 24
$ -
Total Interest $ 8,545.50

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