Question: *PLEASE DONT USE EXCEL* I NEED ANSWER WITH STEPS, dont give incomplete by cutting half the steps. Thankyou. (c) Louis Smith bought a condominium for

*PLEASE DONT USE EXCEL*
I NEED ANSWER WITH STEPS, dont give incomplete by cutting half the steps.
Thankyou.
*PLEASE DONT USE EXCEL* I NEED ANSWER WITH STEPS, dont give

(c) Louis Smith bought a condominium for RM578,000. He made a 10% down payment and the balance is financed through a bank for 30 years. i. If the bank's interest rate was 12% compounded monthly, find the monthly payments that Louis Smith made to settle the loan. ii. Suppose Louis Smith missed the first five payments. Compute the total amount paid on the fifth month if he wanted to settle the outstanding arrears. ii. Immediately after paying for 15 years, he wants to settle the loan in full. Compute the total amount that he needs to paid

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