You borrow 10000 from a bank on january 1st you must repay, Business Economics

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You borrow 10000 from a bank on january 1st you must repay

You borrow $10,000 from a bank on January 1^st. You must repay the loan in 36 equal monthly payments, due on the 1^st of each month beginning February 1^st. If interest is 12% annually compounded monthly, what will be your equal monthly payments?

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Business Economics: You borrow 10000 from a bank on january 1st you must repay

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Business Economics: You borrow 10000 from a bank on january 1st you must repay

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