Kristen Morris

Find the amount of the regular payments needed to amortize a $90000 debt at 7% compounded annually with 12 annual payments.

When Teresa opened her law office, she bought 14000 worth of books and 7200 dollars worth of office furniture. She paid $1200 down and agreed to amortize the balance with semiannual payments for 5 years at 12% compounded semiannually. Find the ammount of...