juhi makes loan payments of $31520 at the end of each month towards the purchase of some office furniture for a term of two years at 8.65% compounded annually.

a) Determine the purchase price of the furniture if Madison made a $15237 down payment. [3 points]

b) In total, how much will Madison have contributed towards the purchase of the furniture by the end of the two years? [1 point]

c) Madison is considering paying off the loan early. What is the balance owing on the loan after she makes the 15th payment? [1 point]

d) How much interest will she have paid, in total, if she pays the balance owing after the 11th payment?

Question (2): ..

If ram has $ 20000 loan , if rate of interest is 6.77 % duration is 9 years 3 month

compounded quarterly

find monthly payment

how much interest to 5 th payment ?

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explain with typed solution