Find the amount of repayment

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Reference no: EM1344840

John borrows 10,000 Euros at an APR of 6%. He wants to repay it in five equal installments over five years, with the first repayment one year after he takes out the loan. How much should each repayment be?

Reference no: EM1344840

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Find the amount of repayment : John borrows 10,000 Euros at an APR of 6 percent. He desire to repay it in 5-equal installments over five years, with the 1st repayment one year after he takes out the loan.

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