1. 1 Press Ctrl-A ©G Dear 2010 – Not to be sold/Free to use Loan Repayment Stage 6 - Year 12 General Mathematic

2. 2 Year6.0%6.1%6.2%6.3%6.4%6.5% 10$11.10$10.35$10.93$10.57$10.87$10.71 11$10.37$10.87$10.56$10.83$10.69$10.84 12$9.76$11.35$10.24$11.06$10.53$10.95 13$9.25$11.81$9.97$11.28$10.39$11.05 14$8.81$12.25$9.73$11.48$10.27$11.14 15$8.44$12.66$9.52$11.66$10.16$11.23 16$8.11$13.05$9.33$11.83$10.06$11.31 17$7.83$13.41$9.17$11.99$9.97$11.38 18$7.58$13.76$9.02$12.14$9.89$11.44 19$7.36$14.08$8.89$12.27$9.82$11.50 20$7.16$14.39$8.77$12.39$9.76$11.56 Monthly Repayments on $1000 (Click on Year and Percentage and then the answer.)

3. 3 Table The calculation is best done with a table. or a spreadsheet using the formula PMT(r,n,P) The monthly repayment can be calculated by Multiplying the monthly repayment for $1000 by the number of $1000s.

4. 4 Table Example 1 John borrowed $300 000 at 6.3% p.a. for 18 years. Monthly Repayment =$12.14x 300 = $3 642