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An individual takes out a loan of 3 0 0 , 0 0 0 euros for 1 0 years at a rate of 3 %

An individual takes out a loan of 300,000 euros for 10 years at a rate of 3%. This loan is contracted on October 12th 2023, it is repayable in constant monthly instalments of principal and interest. The first repayment is due on November 12th,2023.
a) What is the amount of the constant monthly repayments? b) What is the interest charge on the 50th payment?
c) What is the capital repaid in the 30th payment?
d) The loan shall include a clause for the early repayment, without penalty, of the outstanding principal. The individual wishes to use this clause after the payment on 31 December 2025, how much outstanding capital does he have to repay?

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