A loan of RM5,000 for 20 months at 10% per annum simple interest rate was settled...

A loan of RM5,000 for 20 months at 10% per annum simple interest rate was settled by making 20 monthly payments. Find the outstanding principal just after the eighth payment by using the Rule of 78.

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Colby Messinger answered 1 year ago

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Warren has a loan with an effective interest rate of 5 percent per annum. He makes...

Warren has a loan with an effective interest rate of 5 percent per annum. He makes payments at the end of each year for 10 years. The first payment is 200, and each subsequent payment increases by 10 per year. Calculate the interest portion in the fifth payment. Warren has a loan with an effective interest rate of 5 percent per annum. He makes payments at the end of each year for 10 years. The first payment is 200, and...

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A loan of RM5,000 for 20 months at 10% per annum simple interest rate was settled...

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