Peter is considering taking out a consumer loan of DKK 10,000. The monthly payment on the loan is DKK 945.60 and the interest rate is 2% per month. On the right you see an amortization ta

Peter is considering taking out a consumer loan of DKK 10,000. The monthly payment on the loan is DKK 945.60 and the interest rate is 2% per month. On the right you see an amortization table that describes the repayment of Peter’s loan.1a) Explain what the numbers in the green and yellow fields (scroll down) mean and how they are calculated.1b) Why does the installment […]

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