Business, 06.10.2019 10:00 brandonleekenyon

Fe company defaulted on a $250,000 loan that was due on december 31, 2021. the bank has agreed to allow lowlife to repay the $250,000 by making a series of equal annual payments beginning on december 31, 2022. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.) required: 1. calculate the required annual payment if the bank’s interest rate is 10% and four payments are to be made.2. calculate the required annual payment if the bank’s interest rate is 8% and five payments are to be made.3. if the bank’s interest rate is 10%, how many annual payments of $51,351 would be required to repay the debt? 4. if three payments of $104,087 are to be made, what interest rate is the bank charging lowlife?

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Fe company defaulted on a $250,000 loan that was due on december 31, 2021. the bank has agreed to al...

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