If I borrowed $100,000. I have to pay this money back for three years. But interest does not apply in the first year. In the second and third years, 5 percent of the remaining amount is added. I always want to pay the same amount. 

How much should I pay a year?

Answer rating: 100% (QA)

To calculate the annual payment amount we need to consider the repayment period interest rate and th... View the full answer