Maths finance help (1 Viewer)

[hellohowslife]

Can someone pls explain this question, especially D, ty

 

[cossine]

I won't give the full answer.

But

6.75% per annum / 12 = 0.5625% = 0.005625

So A1 = 159000*(1+ 0.005625) - 1415

For d) make the loan payment amount the subject. So replace 1415 with loan_payment_amount in d)