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determine the equal, annual, end-of-year payment required over the life of the loans to repay them fully during the stated term loan principal interst rate
determine the equal, annual, end-of-year payment required over the life of the loans to repay them fully during the stated term
| loan | principal | interst rate % | term of loan (yrs) | Annual payment |
| A | 30000 | 9 | 20 | ?? |
| B | 50000 | 14 | 8 | ?? |
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
10th edition
978-1337902571, 1337902578, 978-1337911054, 1337911054, 978-0324272055
