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You take out a bank loan today for $6,000 . You will repay the loan with two equal payments in years 4 and 5 . If the loan interest rate is 5.00% compounded annually, how big ar…

You take out a bank loan today for $6,000 . You will repay the loan with two equal payments in years 4 and 5 . If the loan interest rate is 5.00% compounded annually, how big ar…
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You take out a bank loan today for $6,000 . You will repay the loan with two equal payments in years 4 and 5 . If the loan interest rate is 5.00% compounded annually, how big are the payments?

User Chris Holwerda
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1 Answer

3 votes
you should know the pay ments are realy big
User Max
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