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## You borrow $5000 from the bank at %3 annual interest compounded monthly. The monthly payment is $250z What is the balance after the third pa

Question

You borrow $5000 from the bank at %3 annual interest compounded monthly. The monthly payment is $250z What is the balance after the third payment.

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Mathematics
3 years
2021-09-02T19:33:43+00:00
2021-09-02T19:33:43+00:00 1 Answers
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## Answers ( )

Answer:it should be $100,000

Step-by-step explanation: