AAFM CWM_LEVEL_2 Question Answer
Section B (2 Mark)
A bank recently loaned you Rs15,000 to buy a car. The loan is for five years (60 months) and is fully amortized. The nominal rate on the loan is 12 percent, and payments are made at the end of each month. What will be the remaining balance on the loan after you make the 30th payment?
AAFM CWM_LEVEL_2 Summary
- Vendor: AAFM
- Product: CWM_LEVEL_2
- Update on: Jul 30, 2025
- Questions: 1259
