Answer:
What will be the amount of this annuity payment?
$711.888
Explanation:
N Monthly principal interest Net value
5.000.000
1 711.888 361.888 350.000 4.638.112
2 711.888 387.220 324.668 4.250.893
3 711.888 414.325 297.562 3.836.568
4 711.888 443.328 268.560 3.393.240
5 711.888 474.361 237.527 2.918.879
6 711.888 507.566 204.322 2.411.313
7 711.888 543.096 168.792 1.868.218
8 711.888 581.112 130.775 1.287.106
9 711.888 621.790 90.097 665.315
10 711.888 665.315 46.572 (0)
They are forms of Communication.
Answer:
My Monthly payment will be $181.25
Explanation:
A loan provide funds for acquisition of asset and for investment purposes and its allows the arrangement for flexible repayments throughout the loan period based on terms agreed between the lender and borrower.
Following Formula used to calculate the installment payment.
Loan = Payment x 
9,400 = Payments x 
9,400 = Payment x 51.863
Payments = 9,400 / 51.863
Payments = 181.25