Question: please write step by step Q) Meriton ltd borrows 1000000 at an interest rate of 11.51. per annum, repayable by equal month instalments overdo yeas.

please write step by step Q) Meriton ltd borrows 1000000 at

please write step by step

Q) Meriton ltd borrows 1000000 at an interest rate of 11.51. per annum, repayable by equal month instalments overdo yeas. Calculate the principal \& interest components of the first. \& 1 ast repayments

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