Question
Michelle received $6500 as a personal loan to be paid off in 3 years, but she has already made two payments: $1500 in a year,
Michelle received $6500 as a personal loan to be paid off in 3 years, but she has already made two payments: $1500 in a year, and $2250 in 2 years.
1.How much is left to be paid at the end of her term, if the interest on the loan is 12.5 % compounded quarterly?
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Personal Finance
Authors: E. Thomas Garman, Raymond E. Forgue
13th edition
1337099759, 978-1337516440, 1337516449, 978-1337099752
