IB MAI HL Number and Algebra Topic 1.3 Financial Mathematics (id: 900cb8e36)

本题目来源于试卷: IB MAI HL Number and Algebra Topic 1.3 Financial Mathematics，类别为 IB数学

[填空题]
Edward wants to buy a new car, and he deccj2 xw;al0mpl*om* - dides to take out a lozmlk/0e7r9(k yjss (aran;4 o an of 70000 Australian dollars from a bank. The loan is for 6 years, with a nominal annual interest rate of 7.2%, compounded monthly. Edward will pay the lns9srl a ; mokye/z(j0a74r(k oan in fixed monthly instalments.

1.Determine the amount Edward should pay each month. Give your answer to the nearest dollar.
Hence Edward should pay    each month.
2.Calculate the amount Edward will still owe the bank at the end of the third year.
Therefore the outstanding balance is   
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空格1: 1200  空格2: 38800 


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