A company borrowed 200000 at an interest rate of 10, Business Economics

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A company borrowed 200000 at an interest rate of 10

A company borrowed $200,000 at an interest rate of 10% compounded annually over five years. The loan will be repaid in installments at the end of each year in the amounts of:

Year 1 $25,000

Year 2 $20,000

Year 3 $15,000

Year 4 $25,000

What will be the size of the last payment in year 5 that will pay off the loan?

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Business Economics: A company borrowed 200000 at an interest rate of 10

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Business Economics: A company borrowed 200000 at an interest rate of 10

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