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2. A 10-year loan of $10,000 is made at i = 0.04, and is to be repaid by $1,000 at the end of each
2. A 10-year loan of $10,000 is made at i = 0.04, and is to be repaid by $1,000 at the end of each year plus a final principal payment of $K at the end of the tenth year. Find K.
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Research Methods Statistics and Applications
Authors: Kathrynn A. Adams, Eva Marie K. Lawrence
1st edition
1452220182, 978-1452220185
