IcyRain
Active Member
- Joined
- Sep 27, 2013
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- 2015
Okay, so i have finished most of these questions for an assignment and i need some help with this question. Its General Maths by the way.
Paying Loan Costs
Your car is worth $14,990. You already have a deposit of 10% and will repay the balance using a compound interest loan of 12% pa over 5 yrs compounded monthly.
Calculate:
1. Deposit and balance owed
2. Total amount owed
3. Monthly repayments
4. Total interest paid.
I would really appreciate if someone can help, because at the moment i cant think straight because i'm sick.
Paying Loan Costs
Your car is worth $14,990. You already have a deposit of 10% and will repay the balance using a compound interest loan of 12% pa over 5 yrs compounded monthly.
Calculate:
1. Deposit and balance owed
2. Total amount owed
3. Monthly repayments
4. Total interest paid.
I would really appreciate if someone can help, because at the moment i cant think straight because i'm sick.