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Joan is preparing a loan repayment schedule for her home loan. She is up to month 50. Please help her to complete the loan repayment
Joan is preparing a loan repayment schedule for her home loan. She is up to month 50. Please help her to complete the loan repayment schedule for month 51. (Round your answer to 2 decimal places. Do not put the $ symbol. Do not use comma separators. E.g. 1234.56) (1 mark per box)
Month | Opening balance of the loan | Interest Paid | Principal Paid | Ending balance of the loan |
50 | 10320.84 | 51.60 | 915.04 | 9405.81 |
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