Question
Carl has a loan with an effective interest rate of 8% per annum. He makes payments at the end of each year for 25 years.
Carl has a loan with an effective interest rate of 8% per annum. He makes payments at the end of each year for 25 years. The first payment is 100, and each subsequent payment increases by 20 per year. Calculate the original loan amount
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Codes Of Finance
Authors: Vincent Antonin Lépinay
1st Edition
0691151504, 978-0691151502
