You are considering taking out a loan of 5 000 00 that will be paid...
80.2K
Verified Solution
Link Copied!
Question
Basic Math
You are considering taking out a loan of 5 000 00 that will be paid back over 12 years with every 2 months payments of 101 43 If the interest rate is 6 7 compounded every 2 months what would the unpaid balance be immediately after the twelfth payment The unpaid Sunt imal places
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: Zin AI - Your personal assistant for all your inquiries!