Assume that you borrow 2 million JPY from some bank and repay under the plan of monthly total equally payment for 360 mo
Posted: Mon Jul 11, 2022 12:00 pm
Assume that you borrow 2 million JPY from some bank and repay under the plan of monthly total equally payment for 360 month. (1) Under the system of 6% annual compound interest, the common monthly payment is greater than (JPY, should be integer). (2) Under the system of 3% annual compound interest, the common monthly payment is greater than (JPY, should be integer).