X + X Abdulqader hezam - As docs.google.com/spreadsheets/d/19Q080 Abdulqader hezam - Asg 5: Annuities PV * B & File Edit View Insert Format Data Tools Extensions Help Last edit was 4 minutes ago 100% - $ % .0 .00 123- Default (Ari.. 10 BISA CB D6 - fx B C E F Darren borrowed $500. He is paying it back over a 12 month period at 18% per year compounded monthly. 2 Create a table to show how the breakdown of his monthly payments. 3 4 ANCHOR CHART 5 Principal borrowed 1. (4T) Explain 6 Annual interest rate outstanding 7 Compounding periods per year In a loan, the p 8 Number of years for Repayment repaid. So, par 9 Interest rate per period *use equation the rest reduce 10 Total number of payments *use equation For example: 11 Monthly Payments use equation . We know th 12 we just exar 13 Loan Repayment Schedule there it is th Putstanding . We know th 14 Payment Number Payment Interest Paid Principal Paid Balance interest pre 15 examining compound i 16 A = 45.84. 17 18 45.84 - P 19 45.84 20 (1 + 0.015 21 120 24 - D + E Tutorial Tutorial 2 + Asg 5 20:49 V US 3 M C