Question
A loan of $10,000 is taken out today to be repaid with three equivalent payments due as follows, Today: $10,000 Payment due Find the size
A loan of $10,000 is taken out today to be repaid with three equivalent payments due as follows,
Today: $10,000 Payment due
Find the size of the payments
18 months= $?
3 years= $?
5 years= $?
6% interest rate compounded monthly.
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Case Studies In Finance
Authors: Robert F. Bruner
4th Edition
0072338628, 978-0072338621
