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Score: 0 of 1 pt 11 of 12 ( complete HW Scorec 50%, 6 of 12 pts P4-20 (similar to) Question Help Fully amortired loan
Score: 0 of 1 pt 11 of 12 ( complete HW Scorec 50%, 6 of 12 pts P4-20 (similar to) Question Help Fully amortired loan annual payments for principal and interest with the same amount each year. Chuck Pontas dan elderly woman intolaning him 5.000 for a new business venture. She has, however, successfully passed a finance class and requires Chuck to sign a binding contract on payment of the $50,000 with an annual interest rate of over the next 15 years. Determine the cash flow to the wonderfully amortized loan, in which Poral wil make equall payments at the end of each year to that the final payment will completely retire the original $50,000 What is the amount of payment that the woman will receive at the end of years through 159 (Round to the recent) Enter your answer in the answer box and then chok Checker
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