Hello all, I am working out a question at the moment and im not too sure if it is write or wrong. Hope someone can help thanks!! the question goes like this: A loan of 100K is taken out and n.interest is 8 percent. Firstly i found that if the loan is to repaid within 12 years the answer i got was 1082. The problem i have at the moment is this: "If the monthly repayment are continuosly repaid over 12 years, what is the size of the monthly repayment?" I worked it out to be roughly 3000. Can anyone confirm this? Not too sure if this is right. Thanks!