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Required: a. Calculate the monthly instalment amount. (5 marks) b. By setting up a loan repayment schedule, find the amount of loan repaid in first

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Required: a. Calculate the monthly instalment amount. (5 marks) b. By setting up a loan repayment schedule, find the amount of loan repaid in first three months. (5 marks) [Answer and show workings here) a) C ] b) Month Interest due Principal repaid Loan outstanding at start of month Loan outstanding at the end of the month [Show workings here) D 3 Required: a. Calculate the monthly instalment amount. (5 marks) b. By setting up a loan repayment schedule, find the amount of loan repaid in first three months. (5 marks) [Answer and show workings here) a) C ] b) Month Interest due Principal repaid Loan outstanding at start of month Loan outstanding at the end of the month [Show workings here) D 3

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