Question
A company financed a property for its future facilities at Eusbio in the amount of $ 140,000.00 in 20 equal monthly installments, with the first
A company financed a property for its future facilities at Eusbio in the amount of $ 140,000.00 in 20 equal monthly installments, with the first one due on the date of signing the contract. A rate equal to 10% per year has been agreed. for the operation. However, on the 16th installment due date, the company realized that it was "broken". It would be impossible to continue paying the agreed installments. The financial institution, in an attempt to solve the problem, proposed to refinance the debt, in 30 monthly installments, with the first one due 90 days after the company discovered it was "broken" and had not paid the 16th installment. If the new rate agreed was equal to 1% per month., What is the value of the new installments that the company must pay?
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