Question:You receive a $24,000 5-year constant amortization loan (CAL).
The loan's annual interest rate is 6%....
Question
You receive a $24,000 5-year constant amortization loan (CAL).
The loan's annual interest rate is 6%....
You receive a $24,000 5-year constant amortization loan (CAL).
The loan's annual interest rate is 6%. What is the total payment in
year 4, rounded to the nearest dollar?