Question

A personal loan of $ 8,000 is granted repayable in 10 years through half-yearly repayment terms, where the repayment fees are identical in each and every period. The loan was agreed at a nominal rate of 6.5 per cent per annum.

With these data, we ask:
a) The amount of the continuing depreciation assessments.
b) Capital to be written off at the end of the second year.
c) Amount of the fifth amortising term.
d) Interest rate for the last amortisation term

Answer 1

Answer:

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Answer 2

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HERE IS UR ANSWER

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• Interest Rate is the APR from the loan rate chart. If the loan rate is 6.5% you would type 6.5 into the Interest Rate blank
• Principal is the amount of money you want to borrow. If you want to borrow $7,500 you would enter 7500 in the Principal blank
• Monthly Payment is the estimated amount of money you will need to pay each month to pay off the loan