PFB A2 Assignment: Principles of Finance and Banking

Module / Subject / School:

PFB A2: Principles of Finance and Banking

Kaplan Higher Education Academy

What we score:

85%

Requirements: 

This Assignment 2 requires you to answer two quetions with different contexts.

Question 1

• Prepare the amortization schedule for the three-year loan.
• How much total interest is paid in 3 years?

Question 2

• Calculate the difference in payments on Ann’s 30-year mortgage at 10% interest versus a 20-year mortgage with 9% interest.
• What is the difference in total dollars that will be paid to the lender under each loan?
• What are the advantages and disadvantages of a 20-year loan compared to 30-year loan?

Our Writer’s Comment 

This assignment assesses students’ ability to apply core finance formulas accurately and interpret results meaningfully, rather than simply perform calculations. Strong submissions demonstrate clear workings for each step, correct use of time value of money principles, and well-structured explanations that connect numerical results to financial decision-making.

A common weakness in Question 1 is presenting an amortisation schedule without explaining what the figures show. Higher-scoring answers clearly identify principal repayment, interest components, and outstanding balances, and explicitly calculate total interest paid over the loan period.

For Question 2, weaker responses often focus only on monthly payment differences. Stronger submissions go further by comparing total repayment amounts, then critically discussing the trade-offs between shorter and longer loan tenures, such as cash flow pressure, interest savings, and financial flexibility. 

General Tips to Improve Your Score

• Show all workings clearly
  Marks are awarded for method, not just final answers.

• Use correct formulas consistently
  Ensure interest rates and periods match (annual vs monthly).

• Structure calculations logically
  Tables are effective for amortisation schedules and comparisons.

• Interpret your results
  Always explain what the numbers mean in practical financial terms.

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