A company is thinking about some machines renting for manufactury; The lease have an mount of 1800 EUR ( no advance payment due when signing) a residential value of 500 EUR and 36 monthly payments. The lease have 7.8% interest every year. Calculate how much are your monthly payments in SEK. 1 EUR = 23 SEK Note ! Result should be rounded to 2 decimal places

A company is thinking about some machines renting for manufactury; The lease have an mount of 1800 EUR ( no advance payment due when signing) a residential value of 500 EUR and 36 monthly payments. The lease have 7.8% interest every year. Calculate how much are your monthly payments in SEK. 1 EUR = 23 SEK Note ! Result should be rounded to 2 decimal places

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter4: Time Value Of Money

Section4.17: Amortized Loans

Problem 1ST

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