Question
The interest charged on a personal loan for two years was $2450.75. If the interest rate charged on the loan was 5.95% compounded daily, calculate
The interest charged on a personal loan for two years was $2450.75. If the interest rate charged on the loan was 5.95% compounded daily, calculate the present value of the loan.
The answer is $19,395.14 I just want to know how to solve it.
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Accounting And Finance An Introduction
Authors: Eddie McLaney, Peter Atrill
10th Edition
1292312262, 978-1292312262
