Question
You borrowed $20,000 from a bank at an interest rate of 12%, compounded monthly. This loan will be repaid in 60 equal monthly installments over
You borrowed $20,000 from a bank at an interest rate of 12%, compounded monthly. This loan will be repaid in 60 equal monthly installments over 5 years. Immediately after your 30th payment if you want to pay the remainder of the loan in a single payment, the amount is close to:
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The Crowdfunding Handbook Raise Money For Your Small Business Or Start Up With Equity Funding Portals
Authors: Cliff Ennico
1st Edition
081443360X, 978-0814433607
