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Question 8 Not yet saved . Marked out of 1.00 The third file is for a dient named Alexei. Alexei took out a personal loan
Question 8 Not yet saved . Marked out of 1.00 The third file is for a dient named Alexei. Alexei took out a personal loan exactly one year ago with Harrison Bank From his file, you have noted the following information: Original loan amount: $37,000 Current loan outstanding: $29964.48 Monthly repayment: $840 Next repayment: Due exactly 1 month from now interest rate on loan:212 =9% F Flag question For the purposes of the remaining questions, use the rounded values given above. Using this information, determine the following: How much principal has Alexei repaid over the last year? Give your answer to the nearest cent, and do NOT include a dollar sign Answers Question 9 How much interest has Alexei been charged over the past year? Give your answer to the nearest cent, and do NOT indude a dollar sign. Not yet saved Marked out of 1.00 Flag question Answer: Question 10 Not yet saved If Alexei continues making monthly repayments of $840, and if the interest rate does not change, how many further FULL repayments does he expect to have to make in order to repay the loan? Do NOT include any final smaller repayment to pay off the remaining balance. Marked out of Question 8 Not yet saved . Marked out of 1.00 The third file is for a dient named Alexei. Alexei took out a personal loan exactly one year ago with Harrison Bank From his file, you have noted the following information: Original loan amount: $37,000 Current loan outstanding: $29964.48 Monthly repayment: $840 Next repayment: Due exactly 1 month from now interest rate on loan:212 =9% F Flag question For the purposes of the remaining questions, use the rounded values given above. Using this information, determine the following: How much principal has Alexei repaid over the last year? Give your answer to the nearest cent, and do NOT include a dollar sign Answers Question 9 How much interest has Alexei been charged over the past year? Give your answer to the nearest cent, and do NOT indude a dollar sign. Not yet saved Marked out of 1.00 Flag question Answer: Question 10 Not yet saved If Alexei continues making monthly repayments of $840, and if the interest rate does not change, how many further FULL repayments does he expect to have to make in order to repay the loan? Do NOT include any final smaller repayment to pay off the remaining balance. Marked out of
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