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Cash Flow Diagram - kind of urgent, thank you so much An individual wants to borrow $100,000 from a bank and repay it in five
Cash Flow Diagram -
kind of urgent, thank you so much
An individual wants to borrow $100,000 from a bank and repay it in five equal annual end-of-year payments, including interest. If the bank wants to earn a 10 percent rate of return on the loan, what should the payments be? Ignore taxes and default risk. Draw a Cash Flow Diagram from the borrower's perspectiveStep by Step Solution
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