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Suppose your new Model X costs $100k. If you finance it at 10% for five years, Firstly, a pure discount loan will ask a lump-sum
Suppose your new Model X costs $100k. If you finance it at 10% for five years, Firstly, a pure discount loan will ask a lump-sum payment at the end: Secondly, an amortized loan will ask an equally-splitted payment every period: Thirdly, a coupon bond will pay interest periodically and principal at the end: What is the future value of the pure discount loan above? Question 2 What is the payment of the amortized loan above
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