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Logan has a loan that he has to pay $80,000 at the end of the year for 10 years. If Logan wants to pay this
Logan has a loan that he has to pay $80,000 at the end of the year for 10 years. If Logan wants to pay this loan in monthly terms instead of annual terms and money is worth 15% compounded annually...
a.)Draw the cash flow diagram
b.) How much is Logan's loan?
c.) How much is the monthly payment?
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Step: 1
a Cash flow diagram Time Cash Flow 0 Loan received 112 Monthly paymen...Get Instant Access to Expert-Tailored Solutions
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Step: 2
Step: 3
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