Suppose that you have borrowed 5,000,000 from a bank with 5% interest rate for 4 years. Show the table of principal payments and interests you must pay each year if you decide to borrow with the...


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Suppose that you have borrowed 5,000,000 from a bank with 5% interest rate for 4 years. Show the table of<br>principal payments and interests you must pay each year if you decide to borrow with the following plans.<br>Plan<br>Repay principal<br>Repay Interest<br>A<br>Equal annual installments<br>Interest on unpaid balance<br>В<br>End of loan<br>Compound and pay at end<br>of loan<br>C<br>Equal annual installments<br>

Extracted text: Suppose that you have borrowed 5,000,000 from a bank with 5% interest rate for 4 years. Show the table of principal payments and interests you must pay each year if you decide to borrow with the following plans. Plan Repay principal Repay Interest A Equal annual installments Interest on unpaid balance В End of loan Compound and pay at end of loan C Equal annual installments

Jun 02, 2022
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