In year-3 how much of the payment goes to principal how


You establish a 5 year, 10%, consumer loan to borrow $100,00 and agree to make repayment of $26, 380 par year. In year-3, how much of the payment goes to principal, how much to interest?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: In year-3 how much of the payment goes to principal how
Reference No:- TGS02361934

Expected delivery within 24 Hours