Loan amortization, repayment and annuity: calculation of monthly installments

Determine what payments are required to repay a $100,000 loan over 20 years in equal monthly installments if interest rates remain at 9% p.a. (compounded monthly)

© SolutionLibrary Inc. solutionlibary.com 9836dcf9d7 https://solutionlibrary.com/business/finance/loan-amortization-repayment-and-annuity-calculation-of-monthly-installments-33t