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Hello, I need the answers to each of the following questions. Will leave thumbs up for correct answers. Thank You Loans paid off in equal
Hello, I need the answers to each of the following questions. Will leave thumbs up for correct answers.
Thank You
Loans paid off in equal installments. You borrow $16,000 at 8% interest to buy a car and repay it in 4 equal payments at the end of each of the next 4 years. What are the annual payments? PV = Annual payment x Present Value Interest Factor of an annuity Know it! Tested in exams! You'll need $10,000 for education in 8 years. How much must you put away at the end of each year at 6% interest to have the college money readyStep by Step Solution
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