Question 1) You took 100.000 TL car loan from a bank. You will repay the loan to the bank in 4 years with a compound interest of 12% per month in 48 equal installments. In this case, how much of the first installment payment is interest and how much is the principal payment? Please choose one: A. 1630, 1000 В. 1000, 1630 С. 1430, 1200 D. 1200, 1430

Question 1) You took 100.000 TL car loan from a bank. You will repay the loan to the bank in 4 years with a compound interest of 12% per month in 48 equal installments. In this case, how much of the first installment payment is interest and how much is the principal payment? Please choose one: A. 1630, 1000 В. 1000, 1630 С. 1430, 1200 D. 1200, 1430

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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