Want to see ALL questions on this topic?

Upgrade to PLUS+ for €35 to see all past questions

You need to have an account to continue

You need to have an account to continue

Jjkane086
Loan Working, Service, 2017

How do you do the loan working in Service Firm 2017??:thinking:


1 Comments
ciaransheil
Loan + Interest = 63,000 ( Loan + 15 mths interest) 4% per annum = 12 months 15 months interest = 4% x 15/12 = 5% Total loan balance = 63000 = 105% Loan amount = 63000/1.05 = 60,000 Total interest = 3,000 Interest due 1/ 1 = 3000/15 x 12 = 2400 Interest for P + L = 3000 - 2400 = 600 Hope it helps
Uploading attachment...