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A small business owner visit his bank to ask for a loan. The owner states that he can repay a loan at $2700 a month
A small business owner visit his bank to ask for a loan. The owner states that he can repay a loan at $2700 a month for the next 3 years and then $1700 a month for2 years after that. If the bank is charging customers 9.00% APR how much would it be willing to lend the business owner
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Introduces Quantitative Finance
Authors: Paul Wilmott
2nd edition
470319585, 470319581, 978-0470319581
