contestada

Ethio engineering Corporation has signed a road construction agreement contract with Ethiopian Road Authority to renew and construct-the main road from Addis Ababw to Diredawa with a contract amount of 250million, 80% of the contract amount will be financed from the loan released by Commercial Bank of Ethiopia at an annual nual interest rate of 13% to be paid as per the following terms of payment At the end of the 1 At the end of the 2 At the end of the 3 At the end of the 4 At the end of the 5th year year year year year At the end of the 6th year 10% of the principal 20% of the principal 30% of the principal 20% of the principal ....15% of the principal 5% of the principal Task 4.1. Determine
A Amount of loan from Commercial Bank Of Ethiopia
B. Amount of Principal and interest repayment for the 20 year
C Amount of outstanding balance at the end of the year including interest expenses
D Total interest of the loan paid all loan ​