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Imagine the Company That You Work for Borrows $12,000,000 at 8

Question 42

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Imagine the company that you work for borrows $12,000,000 at 8% interest, and the loan is to be paid in seven years according to the schedule shown.Determine the amount of the last payment.
Imagine the company that you work for borrows $12,000,000 at 8% interest, and the loan is to be paid in seven years according to the schedule shown.Determine the amount of the last payment.

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12,000,000 = 1,000,0...

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