With a Fixed Principal Commercial Loan where the amount borrowed is $120,000 for 5 years at 8 percent.The second monthly payment will be:
A)$2,000
B)$2,800
C)$2,786.67
D)None of the above.

Question

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The Answer of With a Fixed Principal Commercial Loan where the amount borrowed is $120,000 for 5 years at 8 percent.The second monthly payment will be:
A)$2,000
B)$2,800
C)$2,786.67
D)None of the above.

With a Fixed Principal Commercial Loan Where the Amount Borrowed