Homework Help: Math

Posted by Anonymous on Monday, November 28, 2011 at 8:31pm.

John Receive a 10,000 loan, with an interest rate of 6 %, for 6 years.

What is the interest amount paid on the 5th payment?

Math - Henry, Tuesday, November 29, 2011 at 4:54pm
I = $47.57. From a table in EXCEL spreadsheets.

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