Peter wants to purchase a car that costs R250 000,00. He decides to take a loan on
Fantastic news! We've Found the answer you've been seeking!
Question:
Peter wants to purchase a car that costs R250 000,00. He decides to take a loan on the car in the expectation that it will be paid over six years at an interest rate of 15% compounded monthly. What will the interest payment be on the 24th monthly payment?
Hudson agreed to borrow R4 954,85 at 9% compound interest per month when he signed the loan papers today. Each month, the loan payment is R143,84. How many loan installments does he need to make before the balance is settled in full?
Related Book For
Posted Date: