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Loan paymentDetermine the equal, annual, end-of-year payment required each year over the life of the loan shown in the following table to repay it fully
Loan paymentDetermine the equal, annual, end-of-year payment required each year over the life of the loan shown in the following table to repay it fully during the stated term of the loan.
| Principal | Interest rate | Term of loan (years) | |
| $10,000 | 13% | 7 |
Please post excel formula along with the work
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Valuation Measuring And Managing The Value Of Companies
Authors: McKinsey & Company Inc., Tom Copeland, Tim Koller, Jack Murrin
3rd Edition
