3. Given the monthly payment as shown with interest as 1 % per month. Month 100 110 B 121 1 133.1 Up to Month 12. Find the 12th payment, the present worth of all payments, the future worth of all payments and the equivalent monthly pay

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
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3. Given the monthly payment as shown with interest as 1 % per month.
Month
1 100
2 110
3
121
4
133.1
Up to Month 12.
Find the 12th payment, the present worth of all payments, the future worth of all payments and the equivalent monthly payment.
Ans 285 31 1983 55 P2 235 11
176 24
Transcribed Image Text:3. Given the monthly payment as shown with interest as 1 % per month. Month 1 100 2 110 3 121 4 133.1 Up to Month 12. Find the 12th payment, the present worth of all payments, the future worth of all payments and the equivalent monthly payment. Ans 285 31 1983 55 P2 235 11 176 24
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