Business, 09.06.2021 15:10, yentel110306
Cal Lury owes $21,000 now. A lender will carry the debt for five more years at 6 percent interest. That is, in this particular case, the amount owed will go up by 6 percent per year for five years. The lender then will require that Cal pay off the loan over the next 13 years at 9 percent interest. What will his annual payment be
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Cal Lury owes $21,000 now. A lender will carry the debt for five more years at 6 percent interest. T...
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