Question: please can you explain every step. thank you Activity No. 1 Khalid applied for a long-term personal loan with QIB. The principal amount of the

please can you explain every step. thank you Activity No. 1

please can you explain every step. thank you

Activity No. 1 Khalid applied for a long-term personal loan with QIB. The principal amount of the loan is QAR 100,000. The annual compound interest rate is \6. Khalid agreed to repay the total amount over 30 monthly installments paid at the end of every month. Calculate the monthly installment and prepare the amortization table for the first 4 installments

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