Question: 1 1 . What is the draw ( payment to the borrower ) in a RAM for $ 2 0 0 , 0 0 0

11. What is the draw (payment to the borrower) in a RAM for $200,000 at 4% interest and a
maturity of 10 years?
please solve using excel forumla
 11. What is the draw (payment to the borrower) in a

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!