Chrome Co. borrows $1,665,000 at an interest rate of 7.32% APR monthly with equal monthly payments...
Chrome Co. borrows $1,665,000 at an interest rate of 7.32% APR monthly with equal monthly payments of $15,265 and a 4 year stop.
a) What is the loan balance at the end of month 36?
b)What is the balloon payment due, after the regular monthly payment, at the end of year 4?
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Chrome Co. borrows $1,665,000 at an interest rate of 7.32% APR
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