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XYZ Company borrows $450,000 to purchase a piece of capital equipment. The term of the loan is 20 years at an APR of 6.5% After

XYZ Company borrows $450,000 to purchase a piece of capital equipment. The term of the loan is 20 years at an APR of 6.5%

  1. After five years, XYZ realizes the machinery has a longer productive life than originally estimated; what would the loan payment be if it took out a new 20 year

loan?

N =

I =

PV =

PMT =

FV =

P/Y =

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