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Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 408 Weeks Ago, 1 Day Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
You are a big financial success and you want to purchase the Remlab Company for $35 billion. You have $5 billion in cash, but need to borrow the remaining $30 billion from your friendly banker. You banker says fine, I’ll lend you the money for 10 years, but at 7.5 percent annual interest compounded quarterly. How much interest will you pay to the bank over the life of this loan?
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