You have borrowed 50 000 at an interest rate of 12 Equal payments will be made over a three year period The fi payment will be

Question

You have borrowed 50 000 at an interest rate of 12 Equal payments will be made over a three year period The fi payment will be made at the end of the first year What will the annual payment be and what will the interest paymen be for the second year Click the icon to view the interest factors for discrete compounding when i 12 per year

Kunduz · Accepted Answer

Click to see the answer