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QUESTION
Your company has taken out a 1year installment loan for 725000 at a nominal rate of 11% but with equal end of month payments.
Your company has taken out a 1year installment loan for 725000 at a nominal rate of 11% but with equal end of month payments. What percentage of the 2nd monthly payment will go toward the repayment of the principle?73.6777.5581.6385.9390.45
Question: Your company has taken out a 1year installment loan for 725000 at a nominal rate of 11% but with equal end of monthpayments. What percentage of the 2nd monthly payment will go toward the...