Donny received a loan of € 11,000 at aninterest rate of 5.19% compounded monthly.He agreed to pay back the loan in 72 equal monthly instalments over the next six years.a. Determine the amount of each one ofthe 72 equal monthly installments.Five years after he started repaying his loan,Donny decided to repay the rest in a final single installment.b. Determine the amount still owing at theend of the five years.
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I think the answer is 10000 after five years
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hey mate...
from which class and chapter is question this..
telll meee...
and according to me I think the answer is 10000...
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