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Assume that you borrow 2 7 million JPY from some bank and the annual interest rate is 2 . 4 % , and repay monthly
Assume that you borrow million JPY from some bank and the annual interest rate is and repay monthly to pay off at just years months later. a If you repay principal equally, how much do you repay at the first time? JPY how much is the total repayment in years JPY b If you repay principal and interest total equally, how much do you pay every month at least JPY c If you will pay JPY principal and interest equally, how long does it take to pay off months.
Assume that you borrow million JPY from some bank and
the annual interest rate is
and repay monthly to pay off at just years months
later.
a If you repay principal equally,
how much do you repay at the first time?
JPY
how much is the total repayment in years
JPY
b If you repay principal and interest total equally,
how much do you pay every month at least
JPY
c
If you will pay JPY principal and interest
equally, how long does it take to pay off
months.
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