If i borrowed 25,000?

Question

If I borrowed $25,000 at 8% and must repay it in 4 equal installments at the end of each of the next 4 years. How large would my payments be?

Answer 1

$6,750 each payment

or every year.

(thats including the 8% interest)

Answer 2

with full respect why put yourself in such debt

imagine this with me : you are a bank and i am a customer

i will put 25000 $ with you and begin to get earnings from

you 8 % monthly or yearly . . . . how would you feel about

this . . . . !!!!!

http://www.flixya.com/blog/GOLDCash360/1...