Repayment of the principle


Your company has taken out a 1year installment loan for 725000 at a nominal rate of 11% but with equal end of month payments. What percentage of the 2nd monthly payment will go toward the repayment of the principle?

73.67

77.55

81.63

85.93

90.45

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Business Management: Repayment of the principle
Reference No:- TGS0101171

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