The following is an extraction from an amortisation schedule for a filling station. The loan will be paid off in 15 years. Month Outstanding Interest Payment Principal Outstandin principal at due at repaid principal a the the end month end beginning of the of the month month 15 R385 232,41 R3 081,86 A R1 119,21 с 120 R202 152,34 R1 617,22 A B R199 568,4- The applicable yearly interest rate is ... A. 8,0%. B. 9,6%. C. 12,0%. D. 8,3%.
The following is an extraction from an amortisation schedule for a filling station. The loan will be paid off in 15 years. Month Outstanding Interest Payment Principal Outstandin principal at due at repaid principal a the the end month end beginning of the of the month month 15 R385 232,41 R3 081,86 A R1 119,21 с 120 R202 152,34 R1 617,22 A B R199 568,4- The applicable yearly interest rate is ... A. 8,0%. B. 9,6%. C. 12,0%. D. 8,3%.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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