Buildmazing Developers need an amount of money to expand their business. They secure a loan at an interest rate of 10,50% per year, compounded annually. The outstanding balance will be repaid in equal payments of R137828,00 at the end of each year for the next seven years. This is represented by the following time line:
Considering the amortisation schedule, the principal repaid during the first three years, rounded to the nearest rand, is
A. R413484.
B. R185593.
C. R227891.
D. R83662.
Answers
Answered by
2
Pleasefollowmetalkyouranswer
Attachments:
Similar questions