Homework Answers
Loan A:
Instalment = Loan / PVAF(r%, n)
= 20000 / PVAF(5%,20)
= $ 20,000 / 12.4622
= 1604.85
Loan B:
Instalment = Loan / PVAF(r%, n)
= 50000 / PVAF(13%,10)
= $ 50,000 / 5.4262
= 9214.48
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