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1. Calculate the yield to maturity on a simple loan of $10,000 that requires the repayment of $10,600 in 1 year. 2. Calculate the yield
1. Calculate the yield to maturity on a simple loan of $10,000 that requires the repayment of $10,600 in 1 year.
2. Calculate the yield to maturity on a simple loan of $12,000 that requires the repayment of $10,600 in 1 year.
Use financial calculator and list the inputs. Ex. PV = 900. FV = 1,000. n = 5.
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