Question
Hello, Present value of an annuity due is 600,000 Yearly repayments is = 50,000 Period (n) = 10 years Calculate the interest rate on this
Hello, Present value of an annuity due is 600,000
Yearly repayments is = 50,000
Period (n) = 10 years
Calculate the interest rate on this loan, assuming the first payment is made immediately.
Please show all your working out.
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International Financial Management
Authors: Cheol S. Eun, Bruce G.Resnick
6th Edition
71316973, 978-0071316972, 78034655, 978-0078034657
