Recent content by samali

Julir takes out a $290 000 home loan. the terms of the loan are 8.25% per annum over 30 years with monthly repayments. (i) show that the minimum monthly repayment is $2178.67, to the nearest cent. (ii) Determine the total amount paid for the loan over 30 years (I just timed 2178.67 by 360 months...

yeah definately, for a 2 mark question it wouldnt be something as simple as "add 9 hours to 7pm". you cant just ignore what the different time is in another country hahah awhen it says LOCAL TIME IN BORNEO i think the keyword is local.... not what is the time in kenya when you arrive in borneo...

I didnt even get an answer in the end. I'm really annoyed at myself too because i didnt write down any of my working for them to at least find some marks for, i did it all on my calculator. i didnt even get an answer in the end i just wrote therefore the minimum months repayment is $2178.67...

did anyone else have touble with question 27 b part i... which then altered the answers of ii and iii. me or none of my class mates could not get the monthly repayment to be $2178.67... did anyone else get it? how???