6% of 200,000 = 12,000
That's how much you must pay every year, for the convenience of not paying yet
and still owing the entire 200,000. It makes no sense at all for the borrower.
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6% of 200,000= 6% * 200000= 0.06 * 200000= 12,000
5/6 is 83 1/3 % ( 83 and one-third per cent)
It depends on how often it is compounded. I'll figure monthly for you. If you invested 15000 for 6 years, at the end of 6 years it would be worth $20235.27
4000 x (1.0610) = $7163.39
Then answer to your question is: 530219046