A home loan of R740 000 has been secured at an interest rate of 16% per annum compounded monthly. A credit analyst has s

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A home loan of R740 000 has been secured at an interest rate of 16% per annum compounded monthly. A credit analyst has s

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A Home Loan Of R740 000 Has Been Secured At An Interest Rate Of 16 Per Annum Compounded Monthly A Credit Analyst Has S 1
A Home Loan Of R740 000 Has Been Secured At An Interest Rate Of 16 Per Annum Compounded Monthly A Credit Analyst Has S 1 (58.35 KiB) Viewed 13 times
A home loan of R740 000 has been secured at an interest rate of 16% per annum compounded monthly. A credit analyst has setup an amortisation table to evaluate the incoming payments and assess the status of the credit providers outstanding balance. The duration of the loan is 20 years with monthly installments of R10 295.29. The data is shown in the table below with missing values for A, B and C. Complete the table by calculating A and B. Payment no. Payment amount 0 1 10295.29 10295.29 10295.29 10295.29 10295.29 10295.29 23456
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