Question
A $30,000 loan is taken out today at 6% p.a. and will be repaid with 3 identical payments in 18 months from today, 3 years
A $30,000 loan is taken out today at 6% p.a. and will be repaid with 3 identical payments in 18 months from today, 3 years from today and 4.5 years from today. If the focal point is today, how large should those identical payments be?
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Multinational financial management
Authors: Alan c. Shapiro
10th edition
9781118801161, 1118572386, 1118801164, 978-1118572382
