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If you took $75,000 from the bank as a loan at 6% interest per year and paid amounts back as shown in the table below,
If you took $75,000 from the bank as a loan at 6% interest per year and paid amounts back as shown in the table below, how much will you still owe at the end of 8 years? Year Cash Flow 0 ($75,000) 1 $0 2 $2,500 3 $45,000 4 $2,500 5 $1,500 6 $0 7 $3,500 8 $4,800 $42,320 $48,765 $56,876 $62,765
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