jimennacastillo15
21.02.2020 •
Business
Hometown Builders is borrowing $195,000 today for four years. The loan is an interest-only loan with an APR of 7.65 percent. Payments are to be made annually. What is the amount of the first annual payment
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Ответ:
$14,917.50
Explanation:
Amount Borrowed = $195,000
Years = 4 Years
APR = 7.65% =0.0765
Therefore
Payment Year 1 = (Amount Borrowed x APR)
Payment Year 1 =($195,000 x 0.0765)
Payment Year 1 = $14,917.50
Ответ: