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Author Question: You plan to borrow $80,000 at a6.5% annual interest rate. The terms require you to amortize the loan ... (Read 42 times)

rubiosusy7

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on: Aug 7, 2023

Question 1

You plan to borrow $24,000 at a 7.5% annual interest rate. The terms require you to amortize the loan withfiveequal end-of-year payments. How much interest would you be paying in Year 2?

◦

$1,347.79


◦

$1,380.30


◦

$1,416.11


◦

$1,490.10



Question 2

You plan to borrow $80,000 at a6.5% annual interest rate. The terms require you to amortize the loan with12equal end-of-year payments. How much interest would you be paying in Year 2?

◦

$4,895.19


◦

$4,900.65


◦

$5,037.04


◦

$5,104.52

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Marked as best answer by rubiosusy7 on Aug 7, 2023

bball_babe_123

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Reply #1 on: Aug 7, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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rubiosusy7

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Reply 2 on: Aug 7, 2023
Thanks for the timely response, appreciate it

meow1234

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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