Question
A loan 1000 EURO will be paid in 48 monthly payments with 8% yearly interest rate and monthly compound interest. The first 47 payments equal
A loan 1000 EURO will be paid in 48 monthly payments with 8% yearly interest rate and monthly compound interest. The first 47 payments equal to the same amount 22 EURO per month while the last one (48th) differs. What is the amount of the last payment?
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Kickstart Your Corporation The Incorporated Professionals Financial Planning Coach
Authors: Andrew Feindel
1st Edition
111970913X, 978-1119709138
