Recreate the above table in your own version of excel. At a rate of 4.5%p.a compounding...

Recreate the above table in your own version of excel. At a rate of 4.5%p.a compounding monthly, to repay the loan you see that 51 full repayments of $9,000 are required in addition to a smaller final repayment. If the interest rate is changed to 14.9% p.a. compounding monthly, how many full repayments of $9,000 will be required to repay the loan? (answer by rounding down to whole numbers to reflect full repayments eg 51)

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jeff jeffy answered 1 year ago

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