i need this in wordsnot handwritten picplease Rewrite this - Given that,Present Value (PV) = $12000Rake of Interest (0) = 91² = 0.09Producer payment (P)= $1500Now,nn =n ===лиIn [(1-PU(31))-1] = In (12+14)M)en [-So, Jack$1200x0.09$1500In 3.571 ÷ In 1.091.273 +0.08.6215 years.)^] =Takys 15 years= In (1+0.09)to repayhis Joan.

Loans are paid by the equal annual payments and these payments depends on the time and interest rate…

Answered: Given that, Present Value (PU) = $12000…

Given that, Present Value (PU) = $12000 Rake of Interest (0₁) = 9% = 0.09 Producer payment (P) = $1500 Now, Гр. 2/ ۱۱-17 In [1+M) "

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

i need this in words

not handwritten pic

please Rewrite this

- Given that,
Present Value (PV) = $12000
Rake of Interest (0) = 91² = 0.09
Producer payment (P)
= $1500
Now,
n
n =
n =
=
=
ли
In [(1-PU(31))-1] = In (12+14)
M)
en [
-
So, Jack
$1200x0.09
$1500
In 3.571 ÷ In 1.09
1.273 +0.08.62
15 years.
)^] =
Takys 15 years
= In (1+0.09)
to repay
his Joan.

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