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  • 1.  PART 2 ESSAY QUESTION PLEASE HELP

    Posted 10-05-2017 09:04 AM

    Please check the attached essay part 2, need help please for question "c" please explain how to solve it.

    thanks,,

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    Nancy Skayni CGA
    Beirut
    Lebanon
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  • 2.  RE: PART 2 ESSAY QUESTION PLEASE HELP

    Posted 10-17-2017 08:36 AM
      |   view attached
    Hi Nancy... I could be too late for this, but i'm answering anyway :).
    *6% is annual interest, NOT semi-annual

    This solution replicates that which you already provided, just illustrating in detail how they were arrived at.  Pls note that CF2 table (amortization table) is crucial in calculating effective interest.  Hence, each table, though it may feel redundant, were presented to facilitate understanding with less talk.  Hope this is clear.

    ------------------------------
    Clarissa Fulgencio CMA, CPA
    Azizi Developments
    Dubai
    United Arab Emirates
    ------------------------------

    Original Message


  • 3.  RE: PART 2 ESSAY QUESTION PLEASE HELP

    Posted 10-18-2017 05:35 AM
    Hi Clarissa, thank you so much for your excellent and clear answer. The attached document is great and very helpful. Thank you again.


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    Nancy Skayni
    Beirut, Lebanon
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    Original Message


  • 4.  RE: PART 2 ESSAY QUESTION PLEASE HELP

    Posted 10-17-2017 08:39 AM
      |   view attached
    Hi Nancy... I could be too late for this, but i'm answering anyway :).
    *6% is annual interest, NOT semi-annual

    This solution replicates that which you already provided, just illustrating in detail how they were arrived at.  Pls note that CF2 table (amortization table) is crucial in calculating effective interest.  Hence, each table, though it may feel redundant, were presented to facilitate understanding with less talk.  Hope this is clear.

    ------------------------------
    Clarissa Fulgencio CMA, CPA
    Azizi Developments
    Dubai
    United Arab Emirates
    ------------------------------

    Original Message