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You want to lend $5,000 as a bank deposit in a private bank with an interest rate 8% per month. You plan to withdraw pri
Posted: Mon Mar 21, 2022 4:33 pm
by answerhappygod
- You Want To Lend 5 000 As A Bank Deposit In A Private Bank With An Interest Rate 8 Per Month You Plan To Withdraw Pri 1 (144.45 KiB) Viewed 28 times
You want to lend $5,000 as a bank deposit in a private bank with an interest rate 8% per month. You plan to withdraw principle and interest as equal/uniform end-of-period payments over 5 MONTHS. What is the value of the total payment? Select one: O a. $7,346.64 O b. NONE O c. $7,000 O d. $1,252 O e. $6,261