What are the advantages and disadvantages of a fixed principal, fixed interest loan?
Answer to relevant QuestionsWhat is the purpose of a bridge loan? If inflation averages 4 percent per year, how much purchasing power will $1.00 lose in ten years? Carrie Haute buys a fast food restaurant for $500,000. She is very successful and sells the business six years later for $1,375,000. What is Carrie’s internal rate of return? Alana Olsen borrowed $5,000 for 90 days from First Bank. The bank discounted the note at 7 percent. a. What proceeds did Olsen receive? b. What is the effective rate to the nearest basis point? You like to buy lottery tickets every week. The lottery pays an insurance company that pays the winner an annuity. If you win a $60,000,000 lottery and elect to take an annuity, you get $3,000,000 per year at the beginning ...
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