Company XXX is buying a property and requests a loan from “Real State Bank, S.A”...
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Company XXX is buying a property and requests a loan from “Real State Bank, S.A”. The corresponding amortised cost table is as follows:
Date | Interest | Payment | Amortised Principal | Amortised Cost |
30/04/2020 |
|
|
| 195,000.00 |
31/10/2020 | 5,150.86 | 30,000.00 | 24,849.14 | 170,150.86 |
30/04/2021 | 4,494.48 | 45,000.00 | 40,505.52 | 129,645.34 |
31/10/2021 | 3,424.54 | 60,000.00 | 56,575.46 | 73,069.88 |
30/04/2022 | 1,930.12 | 75,000,.00 | 73,069.88 | 0.00 |
Total | 15,000.00 | 210,000.00 | 195,000.00 |
|
If the company does monthly closings and payments are biannual (every six months), on 30/04/2020 we would post:
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