A loan amount in total of 10,000 USD is being repaid by installments of 50 USD at
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A loan amount in total of 10,000 USD is being repaid by installments of 50 USD at every month-end, for as long as necessary PLUS a final smaller payment. If interest is J12=12%, what is the outstanding balance at the end of 4 years?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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