Question
Finance: Time Value. 3 Parts A-C 3. You are purchasing an RV for $80,000 with a 10% down payment, financed for 10 years at 8%
Finance: Time Value. 3 Parts A-C 3.
You are purchasing an RV for $80,000 with a 10% down payment, financed for 10 years at 8% interest. How much is your payment __________? What is the interest, principle and the balance of the 1st and 24th payment? **I need work shown step-by-step**
1st: 24th:
a. Principle __________ __________
b. Interest __________ __________
c. Balance __________ __________
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Handbook Of Financial Risk Management
Authors: Thierry Roncalli
1st Edition
1138501875, 978-1138501874
