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Science-Related Homework Help Mathematics Topic started by: pinkkurage on May 29, 2023



Title: A company borrowed $50,000 at 12% compounded monthly. It made a payment of $15,000 after two years, ...
Post by: pinkkurage on May 29, 2023
A company borrowed $50,000 at 12% compounded monthly. It made a payment of $15,000 after two years, and $12,000 after three years. How much is required to pay off the loan one year after the second payment?

▸ $17,432.08

▸ $42,636.06

▸ $29,799.41

▸ $48,043.38

▸ $80,611.30


Title: Re: A company borrowed $50,000 at 12% compounded monthly. It made a payment of $15,000 after two years, ...
Post by: schoolkidchuck on May 29, 2023
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