Question
Please imagine you have opened up a business in Issyk-kul and please calculate loan for one year where you agreed to repay a principal+interest starting
Please imagine you have opened up a business in Issyk-kul and please calculate loan for one year where you agreed to repay a principal+interest starting from July 2021 and you have to repay the interest starting from January.
| Principal (USD) | 1000 |
| Period | 1 year |
| % | 15% |
Please calculate monthly repayment of the interest and principal (2 point.
| Period | Principal | Interest | Total payment | Loan Balance |
|
|
|
| ||
| 1 | ||||
| 2 | ||||
| 3 | ||||
| 12 |
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AS Accounting For AQA
Authors: David Cox,Michael Fardon
2nd Edition
1905777140, 978-1905777143
