Quick Question:
Compound Interest Calculation -
Tim borrows 80,000 from the bank at 5.02% p.a.
a) Assuming interest is calculated monthly, how much would Tim need to pay weekly to ensure the loan is paid off in 2 years?
b)Assuming interest is calculated monthly, how much would Tim need to pay weekly to ensure the loan is paid off in 3 years?
plz hlp?

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I think, this should not be that easy as the Principal changes every month

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