Question
Suppose you take a 6 year loan of $40,000 with an interest rate of 6% and annual payments starting at the end of year 1.
Suppose you take a 6 year loan of $40,000 with an interest rate of 6% and annual payments starting at the end of year 1.
The Annual loan payments are $8134.51 per year. Suppose you decide to pay off the loan at time 3. How much would you have to pay (including the time 3 payment), assuming there are no penalties for early repayment?
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Health Care Finance Basic Tools For Nonfinancial Managers
Authors: Judith Baker
2nd Edition
0763726605, 9780763726607
