Question
Determine the equal, annual, end-of-year payment required over the life of the following loans to repay them fully during the stated term. Loan Principal ($)
Determine the equal, annual, end-of-year payment required over the life of the following loans to repay them fully during the stated term.
| Loan | Principal ($) | Interest Rate (%) | Term of Loan (Yrs) | Annual Payment ($) |
|
| A | 50,000 | 7 | 16 | ||
| B | 70,000 | 12 | 6 |
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A Guide To Starting Your Hedge Fund
Authors: John Thompson, Erik Serrano Berntsen
1st Edition
0470519401, 978-0470519400
