Question
You plan to borrow $495,000 now and repay it in 25 equal annual installments (payments will be made at the beginning of each year). If
You plan to borrow $495,000 now and repay it in 25 equal annual installments (payments will be made at the beginning of each year). If the annual interest rate is 10%, how much will your annual payments be?
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Fundamentals Of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
13th Edition
1265553602, 978-1265553609
