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You hope to borrow $450,000 at 7% interest per annum compounded quarterly. You will repay the loan in one payment at the end of 3 years. calculate the amount of this loan paymen…
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You hope to borrow $450,000 at 7% interest per annum compounded quarterly. You will repay the loan in one payment at the end of 3 years. calculate the amount of this loan paymen…
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Feb 27, 2023
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you hope to borrow $450,000 at 7% interest per annum compounded quarterly. You will repay the loan in one payment at the end of 3 years. calculate the amount of this loan payment.
Mathematics
college
Kostub Deshmukh
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Answer: 94500
Explanation:
450,000 x 0.07 x 3 (pXrXt)
Shibin Raju Mathew
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Mar 3, 2023
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