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Hello i need help solving this financial math question that I am struggling with, thank you! A loan is made for 30,000. The first payment
Hello i need help solving this financial math question that I am struggling with, thank you! A loan is made for 30,000. The first payment of 7000 is in one year, the second payment of 7500 is in two years, the third payment of 15,000 is in five years, and the final payment of X is in 10 years. The annual effective interest rate is 7%. a. Find X. b. Write out the amortization schedule for the loan.
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