You receive a 100 000 Rand loan from your local bank that has to be repaid over a period of 10 years in 10 uniform annual payments. The interest rate to be paid for the first 5 years is 12%, and for the last 5 years the interest rate is 15%. A) What is the initial uniform annual repayment during the first 5 years? B) What is the component of the interest repayment during the 6th year? C) What is the component of the principal repayment during the 8th year? [i need a,b,c]
You receive a 100 000 Rand loan from your local bank that has to be repaid over a period of 10 years in 10 uniform annual payments. The interest rate to be paid for the first 5 years is 12%, and for the last 5 years the interest rate is 15%. A) What is the initial uniform annual repayment during the first 5 years? B) What is the component of the interest repayment during the 6th year? C) What is the component of the principal repayment during the 8th year? [i need a,b,c]
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You receive a 100 000 Rand loan from your local bank that has to be repaid over a period of 10 years in 10 uniform annual payments. The interest rate to be paid for the first 5 years is 12%, and for the last 5 years the interest rate is 15%.
A) What is the initial uniform annual repayment during the first 5 years?
B) What is the component of the interest repayment during the 6th year?
C) What is the component of the principal repayment during the 8th year?
[i need a,b,c]
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