Solve it in RStudio code please. Question 1. Suppose you have a loan of 1,000 euro. This is subject to an annual interest rate of 11%, compounded monthly. (This means a debt of d is d(1 + 0.11/12)...

Solve fast, I will give u like. MSolve it in RStudio code please.<br>Question 1. Suppose you have a loan of 1,000<br>euro. This is subject to an annual interest rate of<br>11%, compounded monthly. (This means a debt<br>of d is d(1 + 0.11/12) after a month). You make<br>monthly repayments of 12 euro. Use a while<br>loop to aid you with the following questions:<br>a) How long does it take to clear the debt (in<br>months)?<br>b) Draw a plot showing the amount owed every<br>month.<br>c) How much total interest is paid in the end?<br>The correct answer is: Total Months = 159 and<br>Interest Paid = 908 euros, BUT I NEED THE<br>SCRIPT.<br>

Extracted text: Solve it in RStudio code please. Question 1. Suppose you have a loan of 1,000 euro. This is subject to an annual interest rate of 11%, compounded monthly. (This means a debt of d is d(1 + 0.11/12) after a month). You make monthly repayments of 12 euro. Use a while loop to aid you with the following questions: a) How long does it take to clear the debt (in months)? b) Draw a plot showing the amount owed every month. c) How much total interest is paid in the end? The correct answer is: Total Months = 159 and Interest Paid = 908 euros, BUT I NEED THE SCRIPT.

Jun 07, 2022
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