Loan

Apply for a $ 59000 loan, the loan repayment period is 8 years, the interest rate 7%.
How much should I pay for every month (or every year if paid yearly).

Example is for practise geometric progression and/or periodic payment for an annuity.

Result

m =  804.39 USD
y =  9880.6 USD

Solution:

Solution in text m =
Solution in text y =







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