Question: hi there im currently studying financial maths and im just...
Hi there, I'm currently studying financial maths, and I'm just struggling with the second half of the question.
Question: Calculate the total repayment and the amount of each monthly repayment for the following loan of $10000 at 9% p.a. Repaid over 4 years.
I've gotten the total repayment half of the question correct just struggling with the second half to do with the monthly repayment. My textbook has the answer in in but not the working out to the question. I just need help to how to work it out.