Question
Will Con. is borrowing 25,000 at a compounded annual interest rate of 6%. Amortize the loan...
Will Con. is borrowing 25,000 at a compounded annual interest rate of 6%. Amortize the loan if annual payments are made for 4 years.
Construct the table and Amortize the Loan based on above data. Show your work.
Homework Answers
Answer #1
Annual Payment = $ 7214.79
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