Question
You borrow $40,000 at 8% p.a. and promise to repay it in six equal yearly installments. What will be these installments? The answer is 8652.62
You borrow $40,000 at 8% p.a. and promise to repay it in six equal yearly installments. What will be these installments?
The answer is 8652.62
But can please show me how to do this using a finance calculator. thanks
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International Financial Management
Authors: Cheol Eun, Bruce G. Resnick
8th edition
125971778X, 978-1259717789
