Business

Nehemiah Strong

20 March, 20:02

What are the interest payments on a $200 loan if the contractual rate is 12%, the loan will be paid back in four uniform interest and principal payments at the end of the next four years, and the remaining balance method of calculating interest will be used (fully amortized) ? what is the actuarial, annual percentage, and the effective interest rate? (air, apr, ie = 12%) ?

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