Question
Please solve it with calculator and using formula.(both method) Your car loan requires payments of $200 per month for the first year and payments of
Please solve it with calculator and using formula.(both method)
Your car loan requires payments of $200 per month for the first year and payments of $400 per month during the second year. The annual interest rate is 12% and payments begin in one month. What is the present value of this 2 -year loan?
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The AMA Handbook Of Financial Risk Management
Authors: John J. Hampton
1st Edition
0814417442, 978-0814417447
