namita and kanchan borrowed rs.84000 loan from nistha at the rate of 5% compunded annually if both pay the equal after 3 years and 5 years respectively then find the ratio of the amount borrowed by each of them ?
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Over the life of a $200,000, 30-year mortgage at 5 percent, you'll pay 360 monthly payments of $1,073.64 each, totaling $386,511.57. In other words, you'll pay $186,511.57 in interest to borrow $200,000. The amount of your first payment that'll go to principal is just $240.31.
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Answer:
97240.5 : 107207.65
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