Home repair llc just took out a 52000 10 year 8 interest


Home Repair, LLC just took out a $52,000, 10 year, 8%, interest only loan from the bank. Interest only payments are made annually. The entire principle due in year 10. What is the amount of the loan payment in year 10?

(Show work please)

Solution Preview :

Prepared by a verified Expert
Finance Basics: Home repair llc just took out a 52000 10 year 8 interest
Reference No:- TGS01387687

Now Priced at $10 (50% Discount)

Recommended (95%)

Rated (4.7/5)