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A company borrowed $ 1 0 0 , 0 0 0 at an interest rate of 5 % to be repaid over a period of

A company borrowed $100,000 at an interest rate of 5% to be repaid over a period of 6 years. The loan will be repaid in installments according to the cash flow diagram shown below(which also reflects the cash inflow of $100,A company borrowed $100,000 at an interest rate of 5% to be repaid over a period of 6 years. The loan will be repaid in installments according to the cash flow diagram shown below (which also
reflects the cash inflow of $100,000). What is the size of the last payment (x) required to pay off the loan?
Click the icon to view the interest and annuity tal
The the size of the last payment (x) required to pay 0
More Info000). What is the size of the last payment(X) required to pay off the loan?
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