A bank agrees to give you a loan of $12,000,000 and you have to pay $1,309,908 per year (end of year) for 26 years What is your rate of interest What would the payments be if this were a monthly payment loan ...

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A bank agrees to give you a loan of $12,000,000 and you have to pay $1,309,908 per

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A bank agrees to give you a loan of $12,000,000 and you have to pay $1,309,908 per year (end of year) for 26 years.

What is your rate of interest?
What would the payments be if this were a monthly payment loan?

Posted Date: Jun 10, 2024 03:12 AM

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A bank agrees to give you a loan of $12,000,000 and you have to pay $1,309,908 per

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