A personal loan of $ 8,000 is granted repayable in 10 years through half-yearly repayment terms, where the repayment fees are identical in each and every period. The loan was agreed at a nominal rate of 6.5 per cent per annum.
With these data, we ask:
a) The amount of the continuing depreciation assessments.
b) Capital to be written off at the end of the second year.
c) Amount of the fifth amortising term.
d) Interest rate for the last amortisation term
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A personal loan of $ 8,000 is granted repayable in 10 years through half-yearly repayment terms, whe...
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