Question
Biden has purchased a new piano for $5,000. He made a downpament of $500. He paid the balance by a loan from 5/3 bank. The
Biden has purchased a new piano for $5,000. He made a downpament of $500. He paid the balance by a loan from 5/3 bank. The loan is to be paid on a monthly basis for two years charging 12 percent interest. How much are the monthly payments?
| m | |
| Nper (or N) =n*m | |
| Rate (or I/Y)=i/m | |
| PV | |
| PMT | |
| FV | |
| Answer |
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The Crowdfunding Handbook Raise Money For Your Small Business Or Start Up With Equity Funding Portals
Authors: Cliff Ennico
1st Edition
081443360X, 978-0814433607
