Mathematics, 07.03.2020 04:53 connermichaela
A borrower has a loan of $ 50,000.00 at 6 % compounded annually with 9 annual payments. Suppose the borrower paid off the loan after 5 years. Calculate the amount needed to pay off the loan.
Answers: 2
%
years
( CI = compound interest)
= $66,911.28Another question on Mathematics
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A borrower has a loan of $ 50,000.00 at 6 % compounded annually with 9 annual payments. Suppose the...
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