Problem -2-: You have taken a personal loan from Bank Muscat for 15,000 OMR and charged with an interest rate of 6% per year. The repayment is scheduled for annually to a period of 4 years. Fill in...



Problem -2-:


You have taken a personal loan from Bank Muscat for 15,000 OMR and charged with an interest rate of 6% per year. The repayment is scheduled for annually to a period of 4 years. Fill in the missing numbers in the loan amortization schedule below:

















































End of Year




Payment




Interest




Principal




Ending Balance




0



-



-



-



15,000




1



4,329.87



900



….



11,570.13




2



….



….



3,635.66



….




3



….



476.07



….



4,080.67




4



….



….



4,085.01



≈ 00





Jun 06, 2022
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