you borrowed $14,000 from your bank to build a small cabin on your property. the bank will charge 6% per year compounded quarterly. you decide to payoff this loan in 3 years by making quarterly payments. how much are your quarterly payments?

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07-10-2022
Business

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you borrowed $14,000 from your bank to build a small cabin on your property. the bank will charge 6% per year compounded quarterly. you decide to payoff this loan in 3 years by making quarterly payments. how much are your quarterly payments?

Sagot :

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you borrowed $14,000 from your bank to build a small cabin on your property. the bank will charge 6% per year compounded quarterly. you decide to payoff this loan in 3 years by making quarterly payments. how much are your quarterly payments?

Sagot :

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