With a Fixed Principal Commercial Loan where the amount borrowed is $120,000 for 5 years at 8 percent, the second monthly payment will be
A) $2,000
B) $2,800
C) $2,786.67
D) none of the above.

Question

Quizplus · Accepted Answer

The Answer of With a Fixed Principal Commercial Loan where the amount borrowed is $120,000 for 5 years at 8 percent, the second monthly payment will be
A) $2,000
B) $2,800
C) $2,786.67
D) none of the above.

With a Fixed Principal Commercial Loan Where the Amount Borrowed