How much you end up paying back to the bank

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Reference no: EM132038614

You receive a $20,000, 8% (APR) 5-year amortized loan. How much would be your payment if:

-Make payments at the end of the year.

-Make payments at the end of the quarter.

-Make payments at the end of the month.

-How much you end up paying back to the bank over the 5 years under each payment period?

Reference no: EM132038614

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