A debt of $125000,00 was paid by quarterly payment of $5000.00 at 8.4% p.a. compounded quarterly? How many monthly payments are paid to pay back the loan and in how many years the loan was paid? PV $ PMT = $ C/Y = Total number of payments
A debt of $125000,00 was paid by quarterly payment of $5000.00 at 8.4% p.a. compounded quarterly? How many monthly payments are paid to pay back the loan and in how many years the loan was paid? PV $ PMT = $ C/Y = Total number of payments
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 3STP
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