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Author Question: Mr. Wolf is borrowing $500,000 to expand his business. The loan will be for ten years at 12% ... (Read 91 times)

wenmo

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Mr. Wolf is borrowing $500,000 to expand his business. The loan will be for ten years at 12% interest and will be repaid in equal quarterly installments. What will the quarterly installments be?


◦ $88,496
◦ $21,631
◦ $25,510
◦ $60,650


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Marked as best answer by wenmo on Apr 12, 2019

sultana.d

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wenmo

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Reply 2 on: Apr 12, 2019
Great answer, keep it coming :)


TheNamesImani

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Reply 3 on: Yesterday
:D TYSM

 

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