Posted by irvin spies on .
with reference to previous question,what is the outstanding principle at the beginning of the second year,rounded to the nearest rand

elementary quantitative methos 
Reiny,
beginning of 2nd year > end of first year.
I will assume the 12th payment has been made
outstanding balance
= 230000(1.01625)^12  3817.23( 1.01625^12  1)/.01625
= ....