Question
Calculate the annual payment of a $55,000 tractor on a five year note given a 6 percent interest rate compounded annually. Calculate the amortization schedule
Calculate the annual payment of a $55,000 tractor on a five year note given a 6 percent interest rate compounded annually. Calculate the amortization schedule for the loan for all five years. What would the payoff be after three years with an 8 percent interest rate on the loan?
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Principles Of Finance With Excel
Authors: Simon Benninga, Tal Mofkadi
3rd Edition
0190296380, 9780190296384
