Question
What is the annual payment? If the loan is paid off early, at the end of the third year, what would the payment be? Loan
What is the annual payment?
If the loan is paid off early, at the end of the third year, what would the payment be?
Loan 250,000
Loan term 5 years
Interest rate 4.04%
The loan in question is a term loan and is to be repaid in equal annual installments.
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
11th edition
978-1111530266
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