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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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