ana has to pay RM1,200 every month for 360 months to settle a housing loan at 4% compounded monthly. a) What is the original value of the loan? b) What is the total interest that she has to pay?
ana has to pay RM1,200 every month for 360 months to settle a housing loan at 4% compounded monthly. a) What is the original value of the loan? b) What is the total interest that she has to pay?
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 19PROB
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8. Hana has to pay RM1,200 every month for 360 months to settle a housing loan at 4%
compounded monthly.
a) What is the original value of the loan?
b) What is the total interest that she has to pay?
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