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Answer to Question #147581 in Financial Math for fillipus
Question #147581
5. A loan of £ 10,000 is repayable by a level annuity payable half-yearly in arrear for three years and calculated on the basis of an interest rate of 10% per annum effective.
Construct the lender's schedule showing the subdivision of each payment into capital and interest and the loan outstanding after each repayment
Construct the lender's schedule showing the subdivision of each payment into capital and interest and the loan outstanding after each repayment
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