Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Either a loan of 78,000 at 1,8% over 10 years; for the 7th annuity, the remaining capital is 31,200, the interest 562 and the annuity
Either a loan of 78,000 at 1,8% over 10 years; for the 7th annuity, the remaining capital is 31,200, the interest 562 and the annuity 8,362. What is the remaining capital for the 8th annuity?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started