Question
please don't do it by excel, do it manually and show work! You let Company BCD borrow an amount of money shown as $P from
please don't do it by excel, do it manually and show work!
You let Company BCD borrow an amount of money shown as $P from you. The company promises to payback their loan plus the interest in 5 payments with the first one being $1600, and the rest rising gradually with a slope of $700/year. If your expected rate of return is i=10% and your PW(10%) is $1000, find the value for P
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Fundamentals of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
12th edition
978-0133075403, 133075354, 9780133423938, 133075400, 013342393X, 978-0133075359
