Question
A company is investing in a truck that costs 15 m. The company intends to finance it with equity of 5 m but take out
A company is investing in a truck that costs 15 m.
The company intends to finance it with equity of 5 m but take out a 5-year loan for what is missing with 5% interest.
The loan is taken out in year 0 and the first installment and first interest payment is in year 1.
The loan is a payday loan. (Equal pay loan)
Calculate the combination of installments and interest payments during the loan repayment period.
It is a five-year loan but first payment is after year one
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Currency Wars Offense And Defense Through Systemic Thinking
Authors: Jeffrey Yi-Lin Forrest , Yirong Ying , Zaiwu Gong
1st Edition
3319677640,3319677659
