Question
pls answer my 2 questions Question 3 The payment for a certain loan was arranged such that Dino will pay 5,500 every month for the
pls answer my 2 questions
Question 3
The payment for a certain loan was arranged such that Dino will pay 5,500 every month for the first 7 months; no payments for the next 5 months; then the monthly payments of 5,500 will continue for another 18 months. If the settlement rate is 1.5% compounded monthly, then the present value of the payments is Blank 1.
Question 4
The payment for a certain loan was arranged such that Dino will pay 5,500 every month for the first 7 months; no payments for the next 5 months; then the monthly payments of 5,500 will continue for another 18 months. If the settlement rate is 1.5% compounded monthly, then the amount of the payments at the end of the term is Blank 1.
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Human Resource Management
Authors: Robert L. Mathis, John H. Jackson
13th Edition
053845315X, 978-0538453158
