If you borrow $1700 and agree to repay the loan in sux equal annual payments at an interest rate of 11%, what will your payment be? what will your oayment be if you make the first payment on the loan immediately instead of at the end of the first year?
If you borrow $1700 and agree to repay the loan in sux equal annual payments at an interest rate of 11%, what will your payment be? what will your oayment be if you make the first payment on the loan immediately instead of at the end of the first year?
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
Problem 1ST
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If you borrow $1700 and agree to repay the loan in sux equal annual payments at an interest rate of 11%, what will your payment be?
what will your oayment be if you make the first payment on the loan immediately instead of at the end of the first year?
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