Question
A company obtains an interest only loan of $120,000 for 6 years at 8.1% interest with interest payable monthly. To accumulate the premium, monthly payments
A company obtains an interest only loan of $120,000 for 6 years at 8.1% interest with interest payable monthly. To accumulate the premium, monthly payments are made into a sinking fund which pays 4.5% interest monthly. compute the total periodic payment.
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Principles Of Project Finance
Authors: E. R. Yescombe
2nd Edition
0123910587, 9780123910585
