3 years ago

What are some negative effects of the traditional economy?

Business

1 answer:

zalisa [80]3 years ago

3 0

I think it’s D. All of the above

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A $200,000 loan amortized over 13 years at an interest rate of 10% per year requires payments of $21,215.85 to completely remove

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Loan amount = $184,193.95

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Interest will remain same each year. Interest per year = 200,000*10% = $20,000

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So, the principal left = $200,000 - $15,806.05 = $184,193.95

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