Juan obtains a loan of $10,000 for 5 years, with interest at 8% effective, 3 years later obtains another loan of $ 8000 to 6 years with interest at 8% convertible semi-annually. What equal payments made in 4 and 10 years will pay off the debts, assuming interest at 8% convertible quarterly? ❤Solution: $13.685,40

Juan obtains a loan of $10,000 for 5 years, with interest at 8% effective, 3 years later obtains another loan of $ 8000 to 6 years with interest at 8% convertible semi-annually. What equal payments made in 4 and 10 years will pay off the debts, assuming interest at 8% convertible quarterly? ❤Solution: $13.685,40

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter19: Lease And Intermediate-term Financing

Section: Chapter Questions

Problem 17P

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