Question
$5000 is borrowed, to be repaid in three equal, annual payments with 10% interest. Approximately how much principal is amortized with the second payment? $2,010.57
$5000 is borrowed, to be repaid in three equal, annual payments with 10% interest. Approximately how much principal is amortized with the second payment?
| $2,010.57 | ||
| $1,510.57 | ||
| $900.68 | ||
| $1,661.63 |
include calculations please
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Meetings Expositions Events And Conventions An Introduction To The Industry
Authors: George G. Fenich
4th Global Edition
1292093765, 9781292093765
