Solution-Amount of the loan payment in year

Amount of the loan payment in year

Reference no: EM131041801

Home Repair, LLC just took out a $52,000, 10 year, 8%, interest only loan from the bank. Interest only payments are made annually. The entire principle due in year 10. What is the amount of the loan payment in year 10?

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Reference no: EM131041801

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Amount of the loan payment in year : Home Repair, LLC just took out a $52,000, 10 year, 8%, interest only loan from the bank. Interest only payments are made annually. The entire principle due in year 10. What is the amount of the loan payment in year 10?

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Amount of the loan payment in year

Reference no: EM131041801

Reference no: EM131041801

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