Mathematics, 23.02.2021 14:00 kaysavage7674

Silva has just bought a boat by taking an unconventional 13 year, $82,884 mortgage from the bank. The interest rate is 7.5%. The mortgage is to be paid off by payments made every year starting next year. How much does Silva have to pay every year to repay the mortgage?

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Silva has just bought a boat by taking an unconventional 13 year, $82,884 mortgage from the bank. The interest rate is 7.5%. The mortgage is to be paid off by payments made every year starting next year. How much does Silva have to pay every year to repay the mortgage? ​

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Silva has just bought a boat by taking an unconventional 13 year, $82,884 mortgage from the bank. The interest rate is 7.5%. The mortgage is to be paid off by payments made every year starting next year. How much does Silva have to pay every year to repay the mortgage?