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I don't understand this math at all, can some one post the answer with the steps so I can follow. Thank you in advance Campus
I don't understand this math at all, can some one post the answer with the steps so I can follow. Thank you in advance
Campus Flights takes out a bank loan in the amount of $324,827 on March 1 . The terms of the loan include a repayment of principal in 11 equal installments, paid annually from March 1 . The annual interest rate on the loan is 10%, recognized in year 1. Compute the principal due in year 1 rounded to the whole dollar
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