Question
you borrowed $10,000 two years ago. the loan terms are: 5-year loan with APR of 12 % and with monthly payments of $222.444. Today, you
you borrowed $10,000 two years ago. the loan terms are: 5-year loan with APR of 12 % and with monthly payments of $222.444. Today, you decided you want to pay off the loan in 20 months rather than the remaining life of the loan. How much do you have to add to your monthly payment in order to accomplish it? Make sure to show how you obtain the answer
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Illustrating Finance Policy With Mathematica
Authors: Nicholas L. Georgakopoulos
1st Edition
3319953710, 978-3319953717
