Question about a bank loan: "User A has had a bank loan of £7500..."
User A has had a bank loan of £7500, he has given £2500 to User B, user B is paying him back monthly, the full amount to be repaid is £10,054.20, after 10 payments, how much does user B owe user A? APR 12.9% over a period of 5 years.
User A has had a bank loan of £7500, he has given £2500 to User B, user B is paying him back monthly, the full amount to be repaid is £10,054.20, after 10 payments, how much does user B owe user A? APR 12.9% over a period of 5 years.
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