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Reducing-Balance Loans - Revision Quiz 1
Question 1 of 8The table above shows the monthly repayments for an investment loan at an interest rate of 8% p.a. reducible. Tony applied for a loan of $125,000 over 10 years. What would be the interest paid on this loan?
A\(\$ 58,310\)
B\(\$ 48,240\)
C\(\$ 57,280\)
D\(\$ 61,210\)
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Reducing-Balance Loans - Revision Quiz 1
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Reducing-Balance Loans - Revision Quiz 1
Question 3 of 8The table shows the monthly repayments per $1000 on a bank loan. Calculate the monthly repayments on a loan of $210000 at 8.5% for 10 years.
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Reducing-Balance Loans - Revision Quiz 1
Question 4 of 8The table shows the monthly repayments per $1000 on a bank loan. Fred borrowed $450,000 for 5 years at 9% p.a. How much interest did he pay?
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Reducing-Balance Loans - Revision Quiz 1
Question 5 of 8The table shows the monthly repayments per $1000 on a bank loan. Anna plans to borrow $560,000 to buy a unit at 8.0% p.a. over a period of 10 years. How much would she save if she chose to pay 8% p.a. over 5 years
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Reducing-Balance Loans - Revision Quiz 1
Question 6 of 8The following table shows the monthly repayments for an investment loan at an interest rate of \(8\% p.a\) reducible. Anne applied for a loan of \(\$ 75,000\) over 15 years. What is the total interest to be paid on this loan?
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Reducing-Balance Loans - Revision Quiz 1
Question 7 of 8The table above shows the monthly repayments for an investment loan at an interest rate of 8% p.a. reducible.
Alice applied for a loan of $75000 over 15 years. What would be the interest paid on the loan?
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Reducing-Balance Loans - Revision Quiz 1
Question 8 of 8The table above shows the monthly repayments per $1000 on a bank loan.
Calculate the monthly repayment on a loan of $350000 at 8.0% for 5 years.
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