fianance

[zein]

You have borrowed $70,000 to buy rental property. You plan to make monthly payments over a 15-year period. The bank has offered you a 9% interest rate compounded monthly. Calculate the principal paid to the bank in month two of the loan. Assume end-of-period payments?

[redcrx]

73p

bu round it up to a fiver

[sara3]

if you can't even spell finance, you probably shouldn't be studying it.

[factor-fiction]

I prefer polite requests for help with homework rather than instructions.