Q4. Loan amount: $100,000; Interest rate: 7% per year; Term: 30 years, fully amortizing; Level payment (monthly). What i
Posted: Wed Mar 16, 2022 9:11 am
Q4. Loan amount: $100,000; Interest rate: 7% per year; Term: 30 years, fully amortizing; Level payment (monthly). What is the outstanding balance at the end of year 8?