Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business
New Topic  
solina solina
wrote...
Go to Answer
Posts: 1273
Rep: 9 0
6 years ago
You have borrowed $70,000 to buy rental property. You plan to make monthly payments over a 15-year period. The bank has offered you a 9% interest rate compounded monthly. Calculate the principal paid to the bank in month two of the loan. Assume end-of-period payments.
A) $184.01
B) $186.38
C) $188.46
D) $190.64
E) $192.73
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
Read 173 times
2 Replies
Heavy Heart Thank you bio-forums! Heavy Heart
Replies
Answer verified by a subject expert
David_hessDavid_hess
wrote...
#1
Top Poster
Posts: 729
Rep: 35 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

solina Author
wrote...
#2
6 years ago
Thanks for helping me with my business management course
Heavy Heart Thank you bio-forums! Heavy Heart
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1216 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 367
  
 1176
  
 5452