Mathematics, 13.05.2021 04:10 jrich5111
Assume a bank loan requires an interest payment of $85 per year and a principal payment of $1,000 at the end of the loan's eight-year life. What would be the present value of this loan if it carried an 8.5 percent interest rate?
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Assume a bank loan requires an interest payment of $85 per year and a principal payment of $1,000 at...
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