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You obtained a 10-year personal loan for RM25,000 at a nominal annual rate of 7.0%, with monthly payments . What is the loan monthly payment?
You obtained a 10-year personal loan for RM25,000 at a nominal annual rate of 7.0%, with monthly payments.
- What is the loan monthly payment?
- Set up an amortization table for the first year.
- How much is the total interest payment you already paid for the first year if the ending balance for your loan for the first year is RM 23521.19?
- If the monthly payments are constant, why does the amount of interest income and principal change over time?
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Stocks For The Long Run
Authors: Jeremy Siegel
6th Edition
1264269803, 978-1264269808
