A bank has provided you with a loan valued at a cost of, Ask an Expert

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A bank has provided you with a loan valued at a cost of K1,000 and you agree to repay the balance in 3 equal instalments that include principal paid at the end of each period with 10% intrest componded annually.

1. Find the repayment to be made each time

2. Draw an ammortization schedule

3. How much intrest would be paid on this loan

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91941252

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