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Hello, I am a student studying abroad, currently i have to work on some assignments my...

Hello, I am a student studying abroad, currently i have to work on some assignments my professor gave me to solve. Since my professor doesnt have the best grasp on the english language i am having trouble understanding what he requires me to do.

I know its the holidays, but i could really use some help here ! Happy New Year to you all

Imagine a loan of 20.000 ₤ with an interest rate of 7% a year. Given that this loan will be paid off by 8 yearly payments in French System, find out:

a) The value of each installment.

b) The interest rate paid in the 5th period.

c) The amount of the capital paid off (M) in the 6th period.

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