The answer given deducts 13981 calculated in cell M60 from the end of the accumulated amount of 50000.
However, this 13981 is the end of year loan outstanding in year 9 instead of year 10.
Shouldn't we deduct the end of year loan outstanding in year 10 which is 9540.9 from my calculation instead?
However, this 13981 is the end of year loan outstanding in year 9 instead of year 10.
Shouldn't we deduct the end of year loan outstanding in year 10 which is 9540.9 from my calculation instead?