Question
1. Dinero Bank offers you a $27,000, 7-year term loan at 7 percent annual interest What will your annual loan payment be? 2. You just
| 1. Dinero Bank offers you a $27,000, 7-year term loan at 7 percent annual interest |
| What will your annual loan payment be?
2. You just paid $425,000 for a policy that will pay you and your heirs $16,700 per year forever with the first payment in one year. What rate of return are you earning on this policy? |
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The Certified Lease And Finance Professionals Handbook
Authors: Deborah Reuben, Certified Lease & Finance Professionals, Equipment Finance Industry Experts
6th Edition
171743388X, 978-1717433886
