Question
What is the balance at the need of Year 10 on a loan with the following loan assumptions using the PV Method or tables? Loan
What is the balance at the need of Year 10 on a loan with the following loan assumptions using the PV Method or tables? Loan Amount $100,000
Interest Rate 8%
Amortization Period 25 Years
Payments Per Year 12
On the previous question, if the lender charged 2 discount points what is the lenders effective yield if the loan is outstanding for 10 years?
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
