Herbert's loan of $225,000 at 4.25% compounded semi-annually was amortized over 15 years with payments made at
Question:
Herbert's loan of $225,000 at 4.25% compounded semi-annually was amortized over 15 years with payments made at the end of every month. Calculate the outstanding balance on the loan after 10 years.
AppendixLO1
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answered By
Mario Alvarez
I teach Statistics and Probability for students of my university ( Univerisity Centroamerican Jose Simeon Canas) in my free time and when students ask for me, I prepare and teach students that are in courses of Statistics and Probability. Also I teach students of the University Francisco Gavidia and Universidad of El Salvador that need help in some topics about Statistics, Probability, Math, Calculus. I love teaching Statistics and Probability! Why me?
** I have experience in Statistics and Probability topics for middle school, high school and university.
** I always want to share my knowledge with my students and have a great relationship with them.
** I have experience working with students online.
** I am very patient with my students and highly committed with them
1+ Reviews
10+ Question Solved
Related Book For 
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
Question Posted:
