Question
A loan requires that payments of $520 be made at the end of each month for a total of 168 consecutive months, beginning one month
A loan requires that payments of $520 be made at the end of each month for a total of 168 consecutive months, beginning one month from today. If the annual interest rate is 3.00%, what is the equivalent present value of the loan?
$
*nearest dollar*
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ISE International Financial Management
Authors: Cheol Eun, Bruce Resnick, Tuugi Chuluun
9th International Edition
1260575314, 9781260575316
