Business, 11.11.2019 18:31, leeleelynn

You are about to borrow $15,000 "from a bank at an interest rate of" 8% compounded annually. you are required to make three equal annual repayments in the amount of $5,820.50 per year, with the first repayment occurring at the end of year 1. show the interest payment and principal payment in each year.

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You are about to borrow $15,000 "from a bank at an interest rate of" 8% compounded annually. you are...