A bank lends you $80,000 at a rate of 8.5% which must repay in 5 equal payments at the end of each of the next 5 years.
Posted: Fri Jul 01, 2022 7:46 am
A bank lends you $80,000 at a rate of 8.5% which must repay in 5equal payments at the end of each of the next 5 years. By how muchwould you reduce the amount you owe in the first year?
Group of answer choices
$13,501.26
$15,256.42
$16,201.51
$16,336.52
$15,796.47
Group of answer choices
$13,501.26
$15,256.42
$16,201.51
$16,336.52
$15,796.47