Question
Use this formula to find A:
A = PR^n - {[Q(R^n - 1)]/[R - 1]}.
Where:
P = K15000
Q = K250
R = 8.5/4 =2.125%
= 1 + (2.125/100) = 1.02125
Term = 10 years
n = 10 × 4 =40
A = PR^n - {[Q(R^n - 1)]/[R - 1]}.
Where:
P = K15000
Q = K250
R = 8.5/4 =2.125%
= 1 + (2.125/100) = 1.02125
Term = 10 years
n = 10 × 4 =40
Answers
Answer
The answer is K19267.04 ( 2 d.p)
Answer
How did you get 2.583797
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