Consider a loan of 100000 which is to be repaid in 15 years, Ask an Expert

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Consider a loan of $100,000 which is to be repaid in 15 years with equal monthly repayments, beginning one month after the loan is taken out. The interest rate for the duration of the loan is 6% p.a. compounded monthly.

(a) Calculate the monthly repayment amount.

(b) Use Excel to draw up the loan repayment schedule. Do not print this out.

(d) Find the total payments made and the total interest payments.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92385072

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