Question

Joan is preparing a loan repayment schedule for her home loan. She is up to month...

Joan is preparing a loan repayment schedule for her home loan. She is up to month 50. Please help her to complete the loan repayment schedule for month 51. (Round your answer to 2 decimal places. Do not put the $ symbol. Do not use comma separators. E.g. 1234.56) (1 mark per box)

Month

Opening balance of the loan

Interest Paid

Principal Paid

Ending balance of the loan

50

10320.84

51.60

915.04

9405.81

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Answer #1

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