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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.
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