Question: Please show formula on a paper and no excel sheet 1. The borrower of a loan makes monthly interest payments to the lender of amount

Please show formula on a paper and no excel sheet 1.

Please show formula on a paper and no excel sheet

1. The borrower of a loan makes monthly interest payments to the lender of amount 180 each at the end of each month for 12 years, starting one month from now, at a nominal annual interest rate of i compounded monthly, and repays a lump sum of loan amount at the end of 12 years. The borrower wishes to accumulate the loan amount by making monthly de- posits of amount 69.845 each at the end of each month for 12 years, starting one month from now, to a sinking fund earning a nominal annual interest rate of j compounded monthly. It is known that i = (4.3). Calculate j and the . = net outstanding balance at time 5 months from now

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