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 |
SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE
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