The following is an extraction from anamortisation schedule for a filling station.The loan will be paid off in 15 years.Month Outstanding Interest Payment Principal Outstandingprincipal atdue atrepaidprincipal atthethe endmonth endbeginningof theof themonthmonth15 R385 232,41 R3 081,86 AR1 119,21C120 R202 152,34 R1 617,22ABR199 568,48The value of B equals ...A. R3 579,87.B. R1 684,60.C. R2 583,85.D. R5 818,29.

Loans are paid by the monthly payments that carry the payment of principal amount and payment of…

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Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 12EA: Scrimiger Paints wants to upgrade its machinery and on September 20 takes out a loan from the bank...

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he following is an extraction from an mortisation schedule for a filling station. me loan will be paid off in 15 years. lonth Outstanding Interest Payment Principal Outstandi due at repaid principal principal at the the end month er beginning of the of the month