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Question 15 1 pts You get a loan for $100,000 today and will pay it back with yearly payments of $10,000 each year in years
Question 15 1 pts You get a loan for $100,000 today and will pay it back with yearly payments of $10,000 each year in years 1 to 10. In addition, you will make a single dollar payment in year 3. How big must the single payment be, if the loan charges 6.00% APR (compounded annually)? The additional payment is equal to $31,442 The additional payment is equal to $73,601 The additional payment is equal to $26,399 The additional payment is equal to $31,756 The additional payment is equal to $30,813
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