Math, asked by 7219494955, 6 months ago

What payment is required at the end of each month for 5 years to repay a loan of $20 000.00 at 6.0% compounded monthly?

Answers

Answered by Itzvaibhav007

Answer:

x at the end of each of 5 years. ... Suppose the payments are each 1 and the loan requires n ... payment amount during those 6 years? ... rate with equal monthly payments for 30 years.

Previous Question

Next Question

Similar questions

Science, 2 months ago

what is green pigment called in leaves ...

Math, 2 months ago

sohan's birthday falls on a sunday in 2020. what is the probability if it is the first sunday of january ?

India Languages, 2 months ago

Write a story in 150 to 200 words on the superhero 'Water man'...

Math, 6 months ago

Please help me solve the questions please...

Math, 6 months ago

Express 30 cm as a percentage of 2m...

History, 11 months ago

bihar ke pahale muslim governor ...

Geography, 11 months ago

name 2 coastal oil refinery in India...?

English, 11 months ago

Give the case of the following sentences. 1. Tarun scored a goal. 2.She wrote a letter to her husband. 3. Taylor sang a sweet song. 4. John! fetch me a cup of coffee. 5. I cannot depend on her. 6. The hares ran into their holes. 7. The elder brother got the lion's share. 8. Take that book; don't take mine. 9. We ran a long race. 10. Cattle are grazing in the field.