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answer asap plz You sign a loan contract with your local financial institute to borrow $100,000 at an annual interest rate of %12, paying monthly.
answer asap plz
You sign a loan contract with your local financial institute to borrow $100,000 at an annual interest rate of %12, paying monthly. This is an amortized loan, meaning that you're paying back both principal and interest on a monthly basis. If this is a 2 -year loan, what will be your monthly (equal) payment? $5,170.$4,707.$8,885.$5,000.$4,167. Step by Step Solution
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