A student borrowed a total of $8,000 from the Living Expenses Loan under FASP. Assuming the annual interest rate is 1%, calculate the quarterly installment amount if she wants to pay off the debt. A student applied for NLSPS to pay for his tuition in Year 1 and Year 4 of his undergraduate study. The tuition fee is $85,000 per year. Assuming the annual interest rate and the study interest rate are both 1.35%, calculate the monthly install ment amount to pay off the debt in 48 months after graduation. Question 3 You borrowed $108,000 from a private financial institution. The monthly flat rate is 0.58% and you plan to pay it off in 10 years with monthly repayment. Interest is allocated based on Rule of 78 . Find the amount of interest accrued in the final 1 month. 2 3 4 5 6 7 8 9 10 A student borrowed a total of $8,000 from the Living Expenses Loan under FASP. Assuming the annual interest rate is 1%, calculate the quarterly installment amount if she wants to pay off the debt. A student applied for NLSPS to pay for his tuition in Year 1 and Year 4 of his undergraduate study. The tuition fee is $85,000 per year. Assuming the annual interest rate and the study interest rate are both 1.35%, calculate the monthly install ment amount to pay off the debt in 48 months after graduation. Question 3 You borrowed $108,000 from a private financial institution. The monthly flat rate is 0.58% and you plan to pay it off in 10 years with monthly repayment. Interest is allocated based on Rule of 78 . Find the amount of interest accrued in the final 1 month. 2 3 4 5 6 7 8 9 10