Question
Create an EXCEL worksheet for A 6-year car loan charges flat rate at 2.5% per annum, to be repaid by a monthly annuity-due. Calculate the
Create an EXCEL worksheet for
A 6-year car loan charges flat rate at 2.5% per annum, to be repaid by a monthly annuity-due. Calculate the ENR in monthly rest of the loan. If the borrower decides to redeem early after 12, 24, 36, 48 and 60 payments, calculate the ENR in monthly rest charged over these periods.
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Investment Science
Authors: David G. Luenberger
2nd Edition
0199740089, 978-0199740086
