Question
A loan is secured at 14% p.a (cm). Monthly payments of R3114.48 will start 7 months after the loan is secured. The loan will be
A loan is secured at 14% p.a (cm). Monthly payments of R3114.48 will start 7 months after the loan is secured. The loan will be paid off over 3 years from when payments start. Find the original value of the loan.
Answer the following:
In the annuity calculation:
N:
PV:
N in the compound calculation:
The original value of the loan:
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Sports Finance And Management Real Estate Media And The New Business Of Sport
Authors: Jason A. Winfree, Mark S. Rosentraub, Brian M Mills, Mackenzie Zondlak
2nd Edition
1138341819, 9781138341814
