Answer to Question #348859 in Financial Math for lynee

Question

 N2Q has an outstanding six year-credit of 3 billion VND with interest rate of 15% and annual interest payment and principal will be paid once at the end of the maturity. Supposed that the interest rate for one-month savings deposit is quoted by 10%, if N2Q wants to save money in order to pay off his debt, how much is the monthly deposit?

Answer 1

It's been a while since this question is posted here. Still, the answer hasn't been got. Consider converting this question to a fully qualified assignment, and we will try to assist. Please click the link below to proceed: Submit order