Question
If you borrowed 24000 at 6% annual interest. You agreed to repay the loan with five equal annual payments. How much of the total amount
If you borrowed 24000 at 6% annual interest. You agreed to repay the loan with five equal annual payments. How much of the total amount repaid is interest? How much of the third annual payment is interest, and how much principal is there? If you decided to pay off your loan after the third payment, how much will you pay?
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Sport Finance
Authors: Gil Fried, Timothy D. DeSchriver, Michael Mondello
3rd Edition
1450421040, 978-1450421041
