QUESTIONS A loan of $100,000 is made today. This loan will be repaid by 10 level repayments, followed by a final smaller repayment, ie, there are 11 repayments in total The first of the level repayments will occur exactly 2 years from today, and each subsequent repayment (including the final smaller repayment will occur exactly 1 year after the previous repayment. Explicitly, the final repayment will occur exactly 12 years from today. If the interest being charged on this loan is 7.1% per annum compounded half yearly, and the final smaller repayment is 5610, (a) Calculate the loan outstanding exactly 1 year from today. Answer A loan of $100,000 is made today. This loan will be repaid by 10 level repayments, followed by a final smaller repayment, ie, there are 11 repayments in total The first of the level repayments will occur exactly 2 years from today, and each subsequent repayment including the final smaller repayment will occur exactly 1 year after the previous repayment. Explicitly, the final repayment will occur exactly 12 years from today. If the interest being charged on this loan is 7.1% per annum compounded half yearly, and the final smaller repayment is 5610 (b) Calculate the loan outstanding exactly 11 years from today, Answer: A loan of $100,000 is made today. This loan will be repar e d and market repayment, le, there are 11 repayments in total nent (including the final smaller repayment will occur eactly 1 year after the previous The first of the level repayments will occur exactly 2 years from today and each subsequent repayment (including the final smaller repayment) will occur repayment. Explicitly, the final repayment will occur exactly 12 years from today If the interest being charged on this loan iso per annum compounded half yearly, and the final smaller repayment is $610, (c) Calculate the amount of the level repayments