Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. could you share with excel file please ? you want

Could you share with excel file please ? You want to lend $15,000 as...

60.1K

Verified Solution

Question

Accounting

Could you share with excel file please ?image

You want to lend $15,000 as a bank deposit in a private bank with an interest rate 5 % per month. You plan to withdraw principle and interest as equal/uniform end-of- period payments over 24 MONTHS. What is the value of the total payment? What is the total interest paid to you at the end of 24 months

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students