You have borrowed $ 250,000 for 12 years at 26 per cent. There are 3 payments per year, and there… 1 answer below »

You have borrowed $ 250,000 for 12 years at 26 per cent. There are 3 payments per year, and there are 3 payments remaining. Confirm that you owe $58,086.9906
Hint: each payment is $ 22,811.3422

 

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