Q4

Mark Financials LLC is a leading company. Mark is considering a loan request from a client. In the request, Mark would give a loan of $75,000 and after 5 years receive $140,000. As the financial analyst for Mark, you have been asked to advise Mark on the interest rate that matches the client's loan request

Notes:

Show the steps

Identify the key elements from the questions

Draw the complete cash flow diagram (line, periods, arrows, amounts)

State the given information and the value you need to find

Select the correct time value calculation

Calculate and interpret the answer.