question archive You borrowed $25,000 from your parents to fund your new business startup
You borrowed $25,000 from your parents to fund your new business startup
Subject:FinancePrice: Bought3
You borrowed $25,000 from your parents to fund your new business startup.
On the terms of the loan, you agree to pay it back over the next 10 years in 10 equal end of year payments plus 10 percent compound interest om the unpaid balance. What will be the size of each payment?
