each year.
A family borrows 1000200 million to buy a pieces
land at 13 % perannum Compound Interest. They repay
290,000 at the end of
How much do they one at the end of the 3rd year
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90,000 dollars at 10% interest per year compounded monthly will require a payment of 789.8144131 at the end of each month for 360 months. it is calculated based on a term of 30 * 12 = 360 months and a monthly interest rate of 10% / 12 = .83333333333333 percent.
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