(1) Interest owing on the bank loan is charged at 4% p.a. payable yearly in arrears (interest was last paid on 30 June 2008). $30,000 of the loan is due for payment on 1 Feb 2009. Take that the bank loan is 100000 (Due 2012)
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(1) Interest owing on the bank loan is charged at 4% p.a. payable yearly in arrears (interest was last paid on 30 June 2008). $30,000 of the loan is due for payment on 1 Feb 2009. Take that the bank loan is 100000 (Due 2012)
Now what would you like me to do with this loan I have taken? The interest calculations are simple
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