Passed Paper – Q3 NG Co

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September 27, 2013 at 3:46 pm #141572
iggy
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In passed paper solution of Dec 09 Q3 (d)
where do they get “the 6 monthly interest payment is 260,000 euros
September 28, 2013 at 10:07 am #141597
John Moffat
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In the question, the loan is EUR 6.5M and the interest is 8% p.a..

It is paid half-yearly, so 4% is paid every six months. 4% x 6.5M = 260,000
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