An amortized loan has 10 annual payments at the end of each year starting one year from now. the first 5 payments are $1,000 each and the final 5 payments are $500 each. interest is at an effective annual rate of 10%. find each of the following: (a) the initial loan amount; (b) the outstanding balance just after the 3rd payment; (c) the interest and principal in the 4th payment; (d) the outstanding balance just after the 8th payment.

The academic affairs council is the highest expert body processing academic affairs, as stipulated by the university statutes. specialist aaro häkkinen (educational policy) took part in the council’s meeting. the agenda of the meeting included bachelors’ feedback, the timing of pedagogical studies, the grant system for tuition fees, the standardisation of administrative practices for internships and the situation of foreign-language and multilingual master’s programmes.