Question
P15. Assume a bank loan requires an interest payment of $85 per year and a principal payment of $1,000 at the end of the loans
P15. Assume a bank loan requires an interest payment of $85 per year and a principal payment of $1,000 at the end of the loans eight-year life.
- What would be the PV of the loan if the interest rate is 8 percent on similar quality loans?
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Fundamentals of Investments, Valuation and Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
8th edition
1259720697, 1259720691, 1260109437, 9781260109436, 978-1259720697
