7.4 Assume you borrow $50000 at 10% per year interest and you agree to repay the loan in five equal annual payments. What is the amount of the unrecovered balance immediately after you make the third payment?
What is the amount of the unrecovered balance immediately
7.4 Assume you borrow $50000 at 10% per year interest and you agree to repay the loan in five equal annual payments. What is the amount of the unrecovered balance immediately after you make the third payment?What is the amount of the unrecovered balance immediately