Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. you are making a fixed payment loan of 400,000 yua

You are making a fixed payment loan of 400,000 yuan for 5 years (60 monthly...

60.1K

Verified Solution

Question

Finance

You are making a fixed payment loan of 400,000 yuan for 5 years (60 monthly payment). The annual interest rate is 4.91%. How much do you need to pay in each month? A. 6,666.67 B. 7511.90 C. 8012.69 D. 9213.58

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

Biology
1.2K views

Most vitamins are cofactors or coenzymes. What happens if we do not consume enough vitamins in...

Electrical Engineering
1.2K views

Write code using the Arduino IDE that compiles with no errors. 2-bit adder: The code must read...

General Management
1.2K views

What do you think is the biggest challenge creating an inclusive environment? If you were the...

Biology
1.2K views

6CO? + 6H?O ? C6H12O6 + 602Which molecule(s) in the reaction above is/are processed in...

Geometry
1.2K views

3 Here is a picture of the bridge truss and the given information 1 AC...

Basic Math
1.2K views

45 Find the sine and cosine of 22 5 Note that 22 5 2 Give...

Calculus
1.2K views

The graph of the derivative fof a function is shown 10 12 14 a On...

Accounting
1.2K views

Bellingham Company produces a product that requires nine standard pounds per unit. The standard price...

Accounting
1.2K views

please make sure that the asnwer fits the page ...

Accounting
1.2K views

Please help to answer. Please answer in the WORKBOOK/EQUATION LAYOUT! do not type in...

Accounting
1.2K views

need help completing project Acct...

Accounting
1.2K views

Glenda received a proportionate nonliquidating distribution from the EFG Partnership. The distribution consisted of $10,000...