SOLUTION: I have to pay �32,120 to the Inland Revenue and they have allowed me to pay this at 3% per annum on monthly declining amount ( interest payable on outstanding amount only ) over a

SOLUTION: I have to pay �32,120 to the Inland Revenue and they have allowed me to pay this at 3% per annum on monthly declining amount ( interest payable on outstanding amount only ) over a

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Question 391963: I have to pay �32,120 to the Inland Revenue and they have allowed me to pay this at 3% per annum on monthly declining amount ( interest payable on outstanding amount only ) over a 12 month period.
They say that the total repayable is �35,628,09 with 12 monthly payments of �2,669.09. Is this correct at 3%
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
I get 2720.36 per month

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