loan to the value of R1 000 000 is repaid over a period of 5 years at

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loan to the value of R1 000 000 is repaid over a period of 5 years at an interest rate of 12%p.a. compounded monthly. How much capital is still outstanding after 3 years (36 payments)?

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Real Estate Finance and Investments

ISBN: 978-0073377339

14th edition

Authors: William Brueggeman, Jeffrey Fisher

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Posted Date: Apr 19, 2024 06:54 AM

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loan to the value of R1 000 000 is repaid over a period of 5 years at

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To calculate the amount of capital still outstanding after 3 years 36 payments on a loan of R1000000 ... View the full answer

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