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How much interest had been paying to the bank

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Problem 1: Elisa bought a house at the price of RM450,000. she was able to take up a 90% loan from the bank for the tenure of 30 years at an interest rate of 7%. At the end of third year, she decided to sell the house. A- identify the loan amount that Elisa took B- calculate the monthly instalment that Elisa will be paying each month C- set up an amortization schedule for at least 3 years to show how much interest she had been paying to the bank by the end of third year (to simplify the calculation, payment is calculated in yearly basis)

Reference no: EM132778543

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