Question
Suppose you have taken a loan of $3,500,000 for 3 years, compounded yearly. The quoted rate is 15%. Required: a. With the given information what
Suppose you have taken a loan of $3,500,000 for 3 years, compounded yearly. The quoted rate is 15%.
Required:
a. With the given information what should be the equal annual payments you would be making to the bank?
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Fundamentals Of Financial Management
Authors: Richard Bulliet, Eugene F Brigham, Brigham/ Houston
11th Edition
1111795207, 9781111795207
