Robson Co (March/June 2021) – Bank Loan

This topic has 2 replies, 2 voices, and was last updated 3 years ago by John Moffat.

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November 22, 2022 at 3:57 pm #672078
choopea
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Hi John,

Referring to the question above, the calculation for annual repayment for bank loan is:

Annual repayment = $50m/3·240 = $15,432,098

Could you explain why we calculate it this way? Thank you.
November 22, 2022 at 4:08 pm #672080
choopea
Participant
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It’s okay John! I’ve found a similar question to this and the solution 🙂

https://opentuition.com/topic/amberle-dec-1918/
November 22, 2022 at 4:13 pm #672084
John Moffat
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Great – I hope the post does explain it for you OK 🙂
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