Search here for Tutorials
If the Data is different in your question, please send your questions to homeworksolutionsnow@gmail.com. The questions will be answered at the same price.

Suppose you borrowed $25,000 at a rate of 8% and must repay it in 4 equal installments

Suppose you borrowed $25,000 at a rate of 8% and must repay it in 4 equal installments at the end of each of the next 4 years. How large would your payments be?
                                                                                                             
CLICK HERE FOR SOLUTION