Five years ago,you entered into a loan agreement to borrow $100 000.The loan was to be paid off over 20 years through equal monthly instalments.If the interest rate was fixed at 12% p.a.for the entire loan term,how much do you pay per month?
A)$949
B)$1066
C)$1101
D)$1223

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The Answer of Five years ago,you entered into a loan agreement to borrow $100 000.The loan was to be paid off over 20 years through equal monthly instalments.If the interest rate was fixed at 12% p.a.for the entire loan term,how much do you pay per month?
A)$949
B)$1066
C)$1101
D)$1223

Five Years Ago,you Entered into a Loan Agreement to Borrow