Question
X borrows 800 and pays back 1200 after 5 years. What is the annual nominal rate of interest com- pounded monthly. Given St = .3
X borrows 800 and pays back 1200 after 5 years. What is the annual nominal rate of interest com- pounded monthly. Given St = .3 for all t, find i(4) and d. A loan of 100000 is to be paid back with equal monthly payments for 25 years. Effective annual interest rate is 4%. Find monthly payment
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Construction Accounting And Financial Management
Authors: Steven J. Peterson
3rd Edition
0132675056, 978-0132675055
