2 items are filed under this topic.








A loan of $50,000 
20051214 

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. 





Monthly payments 
20010612 

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. 


