Question
The PV of a 5-year loan with payments at the end of each month is $200,000. What will be the PV of the same
The PV of a 5-year loan with payments at the end of each month is $200,000. What will be the PV of the same loan if the payments are made at the beginning of each month? Assume the interest rate is 12% (APR).
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
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