It took some time to achieve the product I was looking for, but we eventually got there. I do feel like a lot of hard work was put into this, and it even exceeded the page requirement. I'm pretty pleased overall. I give my thanks.
The loan will be for $100,000 financed at a 8Ã¢â‚¬â€¹% nominal annual interest rate. This loan will be paid off over 10 years withÃ¢â‚¬â€¹ end-of-month payments along with a $60, 000 Ã¢â‚¬â€¹lump-sum payment compounded annually at the end of year 10.
How much will the monthly paymentsÃ¢â‚¬â€¹ be?
plz show the works or formulas.
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