Question
Your loan requires payments of $300 per month for the first year and payments of $500 per month during the second year. The APR is
Your loan requires payments of $300 per month for the first year and payments of $500 per month during the second year. The APR is 12% and payments begin at the end of the first month (i.e., in month 1). What is the present value of this two-year loan? (round to the nearest dollar)
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Finance And Control For Construction
Authors: Chris March
1st Edition
0415371155, 978-0415371155
