Question
A loan of size L is to be paid off by payments of 2000 each year for 10 years. The principal repaid in year
A loan of size L is to be paid off by payments of 2000 each year for 10 years. The principal repaid in year 2 is 800. Find the interest rate i and the loan size L.
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Engineering Economics Analysis
Authors: Ted G. Feller
9th Edition
9780195168075
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