Question: Bonus question ( 25 points). Interest Charge problem Calculate the total interest charge on a $200,000 loan made on March 1 at 8% annual interest
Bonus question ( 25 points). Interest Charge problem Calculate the total interest charge on a $200,000 loan made on March 1 at 8% annual interest rate with payment projected as $100,000 on October 1,$50,000 on November 1 , and on December 1
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
