Q14: 3 years ago, Coporation ABC borrowed 250,000$ from TD bank. the term of the bank was 10 years and it required monthyl payments. The interest rate was 6% compounded monthly. In the 20th payment,...

Q14: 3 years ago, Coporation ABC<br>borrowed 250,000$ from TD bank. the term<br>of the bank was 10 years and it required<br>monthyl payments. The interest rate was<br>6% compounded monthly. In the 20th<br>payment, how much goes toward paying<br>down principal?<br>A)1,677.15$<br>B) 1,687.43$<br>C) 1,695.64$<br>D) 1,089.98$<br>E) 1,098.36$<br>F)1,685.53$<br>

Extracted text: Q14: 3 years ago, Coporation ABC borrowed 250,000$ from TD bank. the term of the bank was 10 years and it required monthyl payments. The interest rate was 6% compounded monthly. In the 20th payment, how much goes toward paying down principal? A)1,677.15$ B) 1,687.43$ C) 1,695.64$ D) 1,089.98$ E) 1,098.36$ F)1,685.53$

Jun 09, 2022

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Q14: 3 years ago, Coporation ABC borrowed 250,000$ from TD bank. the term of the bank was 10 years and it required monthyl payments. The interest rate was 6% compounded monthly. In the 20th payment,...

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