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A consumer takes a loan of $150,000 to be repaid in monthly constant installments over 10 years. the nominal interest rate compounded monthly for this loan is 3.6331%.

Respuesta :

Answer:

$10.862005 million

Step-by-step explanation:

150,000*1.036331 monthly

12*10=120

$150,000*1.036331 ^120=$10.862005 million

seams very unrealistic lol

dmw4159977

Answer:$10.862005 million

Step-by-step explanation:

150,000*1.036331 monthly

12*10=120

$150,000*1.036331 ^120=$10.862005 million

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