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You just borrowed money from your credit Union with the following terms. 4 years from today, you will payback $709, in 6 years from today,
You just borrowed money from your credit Union with the following terms. 4 years from today, you will payback $709, in 6 years from today, you will receive $2,115 from your credit union on the same loan, and in 10 years from today you will pay the bank $13,070 which is the remaining balance on the loan. If the interest rate is 3.43% p.a., find the size of the loan you will receive from the bank today
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