Prepare for a private customer “a nice” offer of a simple loan repayment (i.e. the loan which is repaid in one instalment at the end). Assume that a customer wants to take a loan in the amount equal to the day and month of your birthday multiplied by 100 (e.g. if you celebrate birthday on Nov. 9th it will be 911*100). Assume that the time of the loan repayment is 1,5 years from now. 

The base interest rate is as the last digit in your student id number (if it is 0, take the previous digit). Please take into account also a scenario in which at least two of the following parameters: type of interest (continuous compounding, compounding and simple), interest rate (increase or decrease), additional repayment or extra loan taking, frequency of compounding will change during the time between taking the loan and its repayment. Make a short comment explaining to a customer prepared scenario(s) – not more than five sentences. (10 points)

Answer rating: 100% (QA)

Answer 1 customer only get loan when heshe have something to sho... View the full answer