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Any method is fine. Thanks in advance! 6 years BONUS EXAMPLE Loan of 25,000 - Repaid with monthly payments over First payment is due 6

image text in transcribed Any method is fine. Thanks in advance!

6 years BONUS EXAMPLE Loan of 25,000 - Repaid with monthly payments over First payment is due 6 months from date of loan jiz = 12% 3 Calculate the outstanding balance 3 years from the date of the loan (use BOTH RETRO & PROSP methods) (answer : 817,208.46)

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