Mary wants to buy a boat, and she has calculated that she can use 500 four

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Mary wants to buy a boat, and she has calculated that she can use 500 € four times a year to pay back the loan. How large annuity loan Mary can take, when she wants to pay the loan back in 15 years? The annual interest rate is 14.4 % p.a.

Round the figure so, that the answer has 2 decimals. Enter a plain number without €-sign and use decimal point (.)

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Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Apr 28, 2023 03:49 AM

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Mary wants to buy a boat, and she has calculated that she can use 500 four

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Personal Finance

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