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Toera has to repay a automobile loan in two instalments of $9500 in 12 months and $11,000 in 25 months. If she wants to reschedule
Toera has to repay a automobile loan in two instalments of $9500 in 12 months and $11,000 in 25 months. If she wants to reschedule these payments by two equal payments, one in 18 months and the other in 20 months, what will be the amount of his new payments? Use 25 months as the focal date. Laura realizes that she is unable to repay a matured loan amount of $14,200 that is due today. If she is charged 7.9% p.a. (simple interest) for this loan, what equivalent payment is required to repay this amount in 14 months? Toera has to repay a automobile loan in two instalments of $9500 in 12 months and $11,000 in 25 months. If she wants to reschedule these payments by two equal payments, one in 18 months and the other in 20 months, what will be the amount of his new payments? Use 25 months as the focal date. Laura realizes that she is unable to repay a matured loan amount of $14,200 that is due today. If she is charged 7.9% p.a. (simple interest) for this loan, what equivalent payment is required to repay this amount in 14 months
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