Proud Aussie
New member
interest compounding quarterly. He ...? pays regular installments to the bank at the end of each quarter and intends having the loan paid out after 4 years.
A. What quarterly installment does Jamie pay the bank?
B. How much interest does Jamie pay over the course of his loan?
C. How much interest would Jamie save if he paid the loan off in 2 years
Can you please help with these questions and put down each step?
A. What quarterly installment does Jamie pay the bank?
B. How much interest does Jamie pay over the course of his loan?
C. How much interest would Jamie save if he paid the loan off in 2 years
Can you please help with these questions and put down each step?