1.

A loan is to be repaid over 30 years, with month-end repayments of 7,000. If the interest rate is 3.8% p.a. compounded monthly. Calculate the loan outstanding balance at the end of 10 years. Correct your answer to the nearest cent without any units. (Do not use "$" or "," in your answer. e.g. 12345.67)

2.

A loan is to be repaid over 30 years, with month-end repayments of 3,000. If the interest rate is 4.2% p.a. compounded monthly. Calculate the principal paid for year 10. Correct your answer to the nearest cent without any units. (Do not use "$" or "," in your answer. e.g. 12345.67)

3.

A loan is to be repaid over 30 years, with month-end repayments of 8,000. If the interest rate is 6.3% p.a. compounded monthly. Calculate the interest paid for year 10. Correct your answer to the nearest cent without any units. (Do not use "$" or "," in your answer. e.g. 12345.67)