Mathematics, 19.11.2021 16:20 lilkit
A loan of £100,000 is to be repaid in annual payments over 10 years. Assuming a fixed interest rate of 10% per annum, calculate
a) the amount of each annual repayment,
b) the total interest paid,
c) the amount of interest paid in the first and second repayment.
Answers: 2
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A loan of £100,000 is to be repaid in annual payments over 10 years. Assuming a fixed interest rate...
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