Description of this paper

You just took a $20,000, eight-year loan. Payments...

Description

Solution


Question

You just took a $20,000, eight-year loan. Payments at the end of each year are flat (equal in every year) at an interest rate of 8 percent. Calculate the appropriate loan table, showing the breakdown in each year between principal and interest.

 

Paper#5371 | Written in 18-Jul-2015

Price : $25
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