Question

A woman borrows £180,000 from a bank at 10% per annum compound interest. She repays 50,000 at the end of each year. How much does she still owe at the end of 4 years?
at end of year 1: 180000 * 1.10 - 50000 = 148,000
repeat for the next 3 years.
Or, I'm sure you have a handy formula.

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