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The following is an extract from the amortisation schedule of a home loan: ...
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The following is an extract from the amortisation schedule of a home loan:
| Month |
Outstanding principal at beginning of month
|
Interest due at end of month
| Monthly payment
| Principal repaid
|
Outstanding principal at month end
|
| 147 | R8 155,83 | A | R2 080,54 | R2 014,27 | R6 141,56 |
| 148 | R6 141,56 | R49,90 | R2 080,54 | R2 030,64 | B |
| 149 | B | R33,40 | R2 080,54 | R2 047,14 | R2 063,78 |
| 150 | R2 063,78 | R16,77 | R2 080,54 | R2 063,77 | 0 |
If the interest rate has never changed, the original amount of the home loan (rounded to the nearest thousand rand) is
0%
0%
100%
0%