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?
The attached article is about American business topics. The book that is being used for this course is: Small Business Management: Launching and Growing
The attached article is about American business topics. The book that is being used for this course is: Small Business Management: Launching and Growing Entrepreneurial Ventures, 20th Edition, Cengage Learning. Longenecker, J., Petty, J., Palich, L., & Hoy, F. The format has to be exactly as the example: Summary: (3-Sentence