Question
Jacob took out a loan of 11,256 to finish his new studio apartment the church and interest rate of 10.8% compounded monthly over 3 1/2
Jacob took out a loan of 11,256 to finish his new studio apartment the church and interest rate of 10.8% compounded monthly over 3 1/2 years after the third payment how much of the long remains to be paid?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To calculate the remaining loan amount after the third payment we can use the formula ...
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Business Law Principles for Today's Commercial Environment
Authors: David P. Twomey, Marianne M. Jennings, Stephanie M Greene
5th edition
1305575156, 978-1305887657, 1305887654, 978-1305575158
