What would the payoff be at the end of the 24th month

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William got a second loan for 259,000 dlls to be payable in 5 years with interest rate of 9.8 percent per year compounded montly. He pays all montlhy payments on time. What would the payoff be at the end of the 24th month?

Reference no: EM13332575

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What would the payoff be at the end of the 24th month : William got a second loan for 259,000 dlls to be payable in 5 years with interest rate of 9.8 percent per year compounded montly. He pays all montlhy payments on time. What would the payoff be at the end of the 24th month?

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