Mathematics, 19.11.2021 18:20 kiki4832

Q. 2 A loan of £100,000 is to be repaid in annual payments over 10 years. Assuming a fixed interest rate of 10% per annum, calculate a) the amount of each annual repayment,

b) the total interest paid,

c) the amount of interest paid in the first and second repayment.

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Q. 2 A loan of £100,000 is to be repaid in annual payments over 10 years. Assuming a fixed interest...