Subject: Principle of Finance Jake has taken a 25-year, $2 million housing loan at an interest rate of 12% per year. How much does he still owe the bank after making the 36th monthly instalment? (Sub-total = 20 marks)
Subject: Principle of Finance Jake has taken a 25-year, $2 million housing loan at an interest rate of 12% per year. How much does he still owe the bank after making the 36th monthly instalment? (Sub-total = 20 marks)