- What Would The Equal Monthly Payments Be 1 (39.51 KiB) Viewed 24 times
what would the equal monthly payments be?
-
answerhappygod
- Site Admin
- Posts: 899603
- Joined: Mon Aug 02, 2021 8:13 am
what would the equal monthly payments be?
what would the equal monthly payments be?
O Your cousin will sell you his coffee shop for $250,000, with "seller financing," at a 6.0% nominal annual rate. The terms of the loan would require you to make 12 equal end-of-month payments per year for 4 years, and then make an additional final (balloon) payment of $50,000 at the end of the last month. What would your equal monthly payments be? a. $4,464.67 O b. $4,699.66 O c. $4,029.37 O d. $4,947.01 Oe. $4,241.44
O Your cousin will sell you his coffee shop for $250,000, with "seller financing," at a 6.0% nominal annual rate. The terms of the loan would require you to make 12 equal end-of-month payments per year for 4 years, and then make an additional final (balloon) payment of $50,000 at the end of the last month. What would your equal monthly payments be? a. $4,464.67 O b. $4,699.66 O c. $4,029.37 O d. $4,947.01 Oe. $4,241.44