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please solve AquatTech borrowed 120,000 for a new project at 6% APR compounded bi-weekly over 15 years. They make payments of $266.98 at the end
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AquatTech borrowed 120,000 for a new project at 6% APR compounded bi-weekly over 15 years. They make payments of $266.98 at the end of each two weeks to pay off the loan. In the three below boxes, write the following answers in ORDER: 1- In their first payment, how much interest they paid? 2- In their first payment, how much of the loan they paid off? 3- What is the closing balance at the end of the first payment period Step by Step Solution
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