What is the payoff amount

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Suppose company ABC financed 80% of the purchase price of an office building, which had a purchase price of $3,000,000 and a fixed rate of 8% and a 30 year term with annual payments. Suppose at the end of year 3, company ABC wanted to pay off the loan. What is the payoff amount?

Reference no: EM133253230

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What is the payoff amount : Suppose company ABC financed 80% of the purchase price of an office building, which had a purchase price of $3,000,000 and a fixed rate of 8% and a 30 year term
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