Question

Calculate Ahmed’s monthly repayments if he borrowed $10,000 at a rate of 4% p.a. for 5 years

Answer 1

Step-by-step explanation:

first compound formula is

starting value X interest rate to power of no of years

so

10000*1.04^5 is 12,167

12,167/12 is 1,014 dollars per month in 5 years

Answer 2

Answer:

the pa is 29.246464

Step-by-step explanation: