A borrower had a loan of 40 000 00 at 6 compounded annually

Last updated: 7/23/2023

A borrower had a loan of 40 000 00 at 6 compounded annually with 15 annual payments Suppose the borrower paid off the loan after 4 years Calculate the amount needed to pay off the l The amount needed to pay off this loan after 4 years is Dut