How much of payment will be interest

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Reference no: EM13137241

Account for mortgages Nunez Company has arranged to borrow $25000 for five years at an interest rate of 8 The annual payments will be $6261.41 When Nunez makes its first payment at the end of the first year of the loan, how much of the payment will be interest?

Reference no: EM13137241

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How much of payment will be interest : The annual payments will be $6261.41 When Nunez makes its first payment at the end of the first year of the loan, how much of the payment will be interest?

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