Question

Calculate the annual payments, if a loan of $187,400 with an interest rate of 5% compounded annually is obtained by person M. The agreement in made in such a way that the first being due at the end of 10 years, amount is paid off in 8 equal annual payments,

a) $43,263.91
b) $43,489.47
c) $43,763.20
d) $43,600.10​

Answer 1

Answer:

Calculate the annual payments, if a loan of $187,400 with an interest rate of 5% compounded annually is obtained by person M. The agreement in made in such a way that the first being due at the end of 10 years, amount is paid off in 8 equal annual payments,

a) $43,263.91

b) $43,489.47 ////

c) $43,763.20

d) $43,600.10

Answer 2

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