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The peymant necessary to amortize a 5 . 5 % loan of $ 9 3 , 0 0 0 compounded annually, with & annual payments

The peymant necessary to amortize a 5.5% loan of $93,000 compounded annually, with & annual payments is $14,681.35. The total of the payment in $117,45080 w 124.450.80. The borrower made larger payments of 515,000.00 Calculate (a) the time needed to pay off the loan (b) the total amount of the payments, and (c) the amount of meest savedThe time needed to pay off the loan with payments of $15,000.00 is years (Round up to this are your)b. The total amount of the payments is

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