Question
For a repayment schedule that starts at end of the year (EOY) four at $Z and proceeds for years 4 through 10 at $2Z, 3Z,....,
For a repayment schedule that starts at end of the year (EOY) four at $Z and proceeds for years 4 through 10 at $2Z, 3Z,………..…….., what is the value of Z if the principal of this loan is $10,000 and the interest rate is 7% per year?
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Engineering Economy
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
15th edition
132554909, 978-0132554909
