Question
A loan is repaid with level annual payments based on an annual effective interest rate of 6%. The 8th payment consists of 789 of interest
A loan is repaid with level annual payments based on an annual effective interest rate of 6%. The 8th payment consists of 789 of interest and 211 of principal. Calculate the number of years in the loan.
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The Little Book Of Venture Capital Investing Empowering Economic Growth And Investment Portfolios
Authors: Louis C. Gerken, Wesley A. Whittaker
1st Edition
1118551982, 978-1118551981
