Question
Barry has taken out a loan of $15000 at a 14% percent annual Interest rate to be repaid over four years,if the loan is amortized
Barry has taken out a loan of $15000 at a 14% percent annual Interest rate to be repaid over four years,if the loan is amortized into three equal annual end of year payments.What is the annual end of year loan payment?
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CFIN
Authors: Scott Besley, Eugene Brigham
5th edition
1305661656, 9781305888036 , 978-1305666870
