Question:

2 Daniel borrowed 50 000 with a promise to repay the loan

Last updated: 3/10/2024

2 Daniel borrowed 50 000 with a promise to repay the loan

2 Daniel borrowed 50 000 with a promise to repay the loan over a period of 10 years in monthly installments What is the amount of the monthly payment if the nominal annual interest rate is 12 compounded monthly