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your client obtained financing in the form of an $100000 amortizing loan with payments of 10,296.28 at the end of each year for 15 years.

your client obtained financing in the form of an $100000 amortizing loan with payments of 10,296.28 at the end of each year for 15 years. what is the apr being paid? what is the EAR being paid?

the answer is apr 6% and ear 6%

I want to see how that is figured out on Excel.

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Question

your client obtained financing in the form of an $100000 amortizing loan with payments of 10,296.28 at the end of each year for 15 years.

your client obtained financing in the form of an $100000 amortizing loan with payments of 10,296.28 at the end of each year for 15 years. what is the apr being paid? what is the EAR being paid? the answer is apr 6% and ear 6% I want to see how that is figured out on Excel.

Step by Step Solution

Step: 1

Get Instant Access with AI-Powered Solutions

Step: 2

Step: 3

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your client obtained financing in the form of an $100000 amortizing loan with payments of 10,296.28 at the end of each year for 15 years. what is the apr being paid? what is the EAR being paid?

the answer is apr 6% and ear 6%

I want to see how that is figured out on Excel.