o Prompt: Similar to the example in your text, calculate and present in a chart the cost of borrowing based upon: Principal borrowed of 89,000 12 Annual payments a year Monthly payments are $1,100 8.75% interest rate 72 total payments Period interest rate 1% What would be the final payment/balloon payment due on month 72 to be settled with this obligation?
Hi, this is a discussion post that needs a response with the minimum of 175 words. The response needs to be written in your own words with reference
Hi, this is a discussion post that needs a response with the minimum of 175 words. The response needs to be written in your own words with reference include. No AI or plagiarism please. Recently, there has been public debate about whether GDP alone gives a complete picture of a