Question:You borrowed $100,000 on the basis of 8.4% 20-year loan 10 years
ago (monthly compounding). What...
Question
You borrowed $100,000 on the basis of 8.4% 20-year loan 10 years
ago (monthly compounding). What...
You borrowed $100,000 on the basis of 8.4% 20-year loan 10 years
ago (monthly compounding). What is the balance of the loan today
(after 120 monthly payments)?