Explore BrainMass

Explore BrainMass

    Loan amortization, repayment and annuity: calculation of monthly installments

    Not what you're looking for? Search our solutions OR ask your own Custom question.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Determine what payments are required to repay a $100,000 loan over 20 years in equal monthly installments if interest rates remain at 9% p.a. (compounded monthly)

    © BrainMass Inc. brainmass.com December 24, 2021, 4:42 pm ad1c9bdddf

    Solution Summary

    The solution show all the computations to arrive at the amount of payments to repay a loan over 20 years.