utsstudent12
New Member
- Joined
- Mar 29, 2015
- Messages
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- Female
- HSC
- 2011
Heya! Can anyone help me out with this one? Thanks in advance!
There is an amortising loan referred to as “Facility A” today. The annual interest rate on this loan is 6.4% p.a. and the first of the five stated scheduled annual repayment amounts is due one year from today. If Huon make the five scheduled repayments, what final amount due on the loan’s maturity date will fully repay the loan?
There is an amortising loan referred to as “Facility A” today. The annual interest rate on this loan is 6.4% p.a. and the first of the five stated scheduled annual repayment amounts is due one year from today. If Huon make the five scheduled repayments, what final amount due on the loan’s maturity date will fully repay the loan?
