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To help finance its start-up costs, a small business takes out a loan of R338 165,00 at an interest rate of 12% per year compounded
To help finance its start-up costs, a small business takes out a loan of R338 165,00 at an interest rate of 12% per year compounded quarterly. The loan is being amortised by means of equal payments of R22 730,00 at the end of every three months for five years. The first eight lines of the amortisation schedule are shown below: Quarter Outstanding principal at start of quarter 338 165,00 1 2 325 579,95 Interest due at Principal end of repaid Payment quarter during (simple) quarter 10144,95 22 730,00 12585,05 9767,40 22 730,00 12962,60 9378,5222730,00 13351,48 8977,98 22 730,00 13 752,02 22 730,00 B 8140,48 22 730,00 14589,52 7 702.79 22 730.00 15027 21 3 312 617,35 4 299 265.87 5 285513,85 6 271 349,27 7 256 759,75 8 241 732,54 7251,98 22 730,00 15478,02 Considering the amortisation schedule, the value of Bis 7 256 759,75 7 702.79 22 730,00 15027,21 00 241 732,54 7251,98 22 730,00 15 478,02 Considering the amortisation schedule, the value of Bis A R14 170.77 B. R14 164,58 CR13 993,98 D. R14 134.69. Reset Selection
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