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2 items are filed under this topic.
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A loan of $50,000 |
2005-12-14 |
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From Fre:
A loan of $50,000 taken today is payable within five years.
a. determine the annual payments within to be made to repay the loan if interest is charged at a rate of 10% compounded annually
b. show the amortization schedule
Answered by Penny Nom. |
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Monthly payments |
2001-06-12 |
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From Anthony:
This question is base on my interest. I would like to know the formula for calculating this example: If you borrow $10,000 from a bank with an APR of 11.7% to be paid off in 5 years, what is your monthly payment?
Answered by Penny Nom. |
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