Question
A company borrowed $41,000 cash from the bank and signed a 5-year note at 10% annual interest. The present value of an annuity factor for
A company borrowed $41,000 cash from the bank and signed a 5-year note at 10% annual interest. The present value of an annuity factor for 5 years at 10% is 3.7908. The present value of a single sum factor for 5 years at 10% is .6209. The annual annuity payments equal:
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Bank Stability, Sovereign Debt And Derivatives
Authors: Author
1st Edition
113733214X, 9781137332141
