A student borrowed 5000 which she will repay in 30 equal


A student borrowed $5,000 which she will repay in 30 equal monthlyinstallments. After her 25th payment she desires to pay theremainder of the long in a single payment. At 15% interestcompounded monthly, what is the amount of the payment.

Solution Preview :

Prepared by a verified Expert
Macroeconomics: A student borrowed 5000 which she will repay in 30 equal
Reference No:- TGS0668255

Now Priced at $10 (50% Discount)

Recommended (93%)

Rated (4.5/5)