Question: You borrow 3 0 , 0 0 0 for a term of 6 months to be repaid in arrear by level monthly instalments. The rate

You borrow 30,000 for a term of 6 months to be repaid in arrear by level monthly instalments. The rate of interest will be 4% pa effective.
(a) Calculate the monthly repayment.
(b) Construct the complete loan schedule

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