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We contract a mortgage, in the form of a constant installment, with the company Gatto & Volpe, at the rate of 66 for S years. L. the borrowed port is equal to 50,000 euros. Calculate the (annual) installment and submit the amortization plan. After 3 years, we agree with the company to lower the rate to 5.5% (for the next two years). Calculate the residual debt in the third year and the new constant installment (for the two remaining years)
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We contract a mortgage, in the form of a constant installment, with the company Gatto & Volpe, a...
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