Suppose the annual rate of interest for your motorcycle loan is 10 percent. You pay $200 a
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Suppose the annual rate of interest for your motorcycle loan is 10 percent. You pay $200 a month for two years, $300 a month for one year, and $400 a month for two years. What is the present value of all your payments?
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To find the present value of all your payments we need to use the formula for the present ...View the full answer
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Microsoft Excel Data Analysis And Business Modeling
ISBN: 9780137613663
7th Edition
Authors: Wayne Winston
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