Question
You need another piece of equipment at the business and are considering a loan for $50, 215 at 4.1% interest over 5years. Use Excel to
You need another piece of equipment at the business and are considering a loan for $50, 215 at 4.1% interest over 5years. Use Excel to solve the problem.
Use two different methods of compound interest to calculate
How much will you pay over the life of the loan in each way
Do not use simple and compound interest and hand calculation
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Fundamentals of Investments Valuation and Management
Authors: Bradford D. Jordan, Thomas W. Miller
5th edition
978-007728329, 9780073382357, 0077283295, 73382353, 978-0077283292
