URGENT

Suppose a school borrows R300 000,00 to purchase a new bus. They repay the loan with payments of R10 180,59 at the end of each month. The interest rate is 13,5% per year, compounded monthly. The repayment period of the loan is three years. Consider the first seven months of the amortisation schedule: Outstanding Interest due at end of month Month principal at start of Payment Principal month repaid (simple) 3375,00 300 000,00 10 180,59 6805,59 293 194,41 3 298,44 10 180,59 6882,15 286 312,26 10 180,59 A 3142,72 6959,58 7037,87 279 352.68 10 180,59 272 314,81 3063.54 10 180,59 B 265 197.76 2983,47 10 180,59 7 197,12 7278,08 258 000,64 2902,51 10 180,59 4467234 5 What is the value of A? Select one: a. R3 221,01 b. R3 011,65 c. R3 583,71 d. R3 220,58