Question: please answer it proper formulas so i can understand it thank you so much B. A company borrowed $500,000 at 8.5% compounded daily. It settled
B. A company borrowed $500,000 at 8.5% compounded daily. It settled the loan by paying $6200 at the end of every month. a. How many payments were required to settle the loan?) 2 b. What was the outstanding balance on the loan at the end of nine years? c. What was the size of the final payment Bus d. What was the total interest paid? 1230 23
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